SKYPINE ELECTRONICS CNE8415BBS Smart High Line User Manual

SKYPINE ELECTRONICS (SHEN ZHEN) CO., LTD. Smart High Line Users Manual

Users Manual

!!VPDUWKLJKOLQHUDGLR
6XSSOHPHQW
6\PEROV
 2SWLRQDOHTXLSPHQW
?:DUQLQJ
@(QYLURQPHQWDOQRWH
3RVVLEOHYHKLFOHGDPDJH
U7LS
$FWLRQUHTXLUHG
&RQWLQXDWLRQV\PERO
SDJH 3DJHUHIHUHQFH
,QGH[
VPDUWKLJKOLQHUDGLR
q!!!st
&RQWHQWV
$
$GGUHVVHQWU\PHQX 
$GMXVWLQJWKHEDODQFH 
$GMXVWLQJWKHYROXPH
&OLFN 
&RQILUPDWLRQWRQH 
1DYLJDWLRQPHVVDJHV 
6ZLWFKRQYROXPH 
7UDIILFDQQRXQFHPHQWV 
$OWHUQDWLYHURXWH
&DOFXODWLQJ 
9LHZLQJLQIRUPDWLRQ 
$XWRPDWLFIXOOVFUHHQYLGHR 
$XWR]RRPQDYLJDWLRQ 
$8;MDFN 
%
%OXHWRRWK
&RQGLWLRQVWHOHSKRQH 
(GLWLQJGHYLFHQDPHV 
/('GLVSOD\ 
6HDUFKLQJIRUDQGUHJLVWHULQJD
PRELOHSKRQH 
&
&DOO
(QGLQJ 
7UDQVIHUULQJIURPWKHKDQGV
IUHHV\VWHPWRWKHPRELOHSKRQH 
&''9'
(MHFWLQJ'9'VLQJOHGULYH 
,QVHUWLQJ'9'VLQJOHGULYH 
&KDUDFWHUHQWU\
1DYLJDWLRQ 
3KRQHERRN 
&RQQHFWLQJDQDXGLRGHYLFH 
&RQQHFWLQJD86%GHYLFH 
&RQQHFWLQJ%OXHWRRWKDXGLRGHYL
FHV 
'
'HVWLQDWLRQQDYLJDWLRQ
(QWHULQJDGHVWLQDWLRQE\
DGGUHVV 
(QWHULQJDGHVWLQDWLRQXVLQJ
WKHPDS 
(QWHULQJDVSHFLDOGHVWLQDWLRQ 
(QWHULQJXVLQJJHRFRRUGLQDWHV 
6HOHFWLQJIURPIDYRXULWHV 
6HOHFWLQJIURPSUHYLRXVWRZQV 
9LHZLQJRQWKHPDS 
'HVWLQDWLRQLQSXW 
'HVWLQDWLRQPHPRU\
VHH)DYRXULWHV
'1&
VHH'\QDPLF1RLVH&RYHULQJ
'\QDPLF1RLVH&RYHULQJ 
(
(DV\PRGHQDYLJDWLRQ 
(OHFWURPDJQHWLFFRPSDWLELOLW\ 
(PHUJHQF\FDOORU 
([DPSOHHQWHULQJDQDGGUHVV 
([SHUWPRGHQDYLJDWLRQ 
)
)DFWRU\VHWWLQJV 
)DYRXULWHV 
&UHDWLQJDQHZIDYRXULWH 
'HOHWLQJDGHVWLQDWLRQ 
5HQDPLQJDGHVWLQDWLRQ 
6DYLQJDGHVWLQDWLRQ 
)URQWSDQHO
0RYLQJXSGRZQ 
)XOOVFUHHQPRGHYLGHRPRGH 
)XQFWLRQUHVWULFWLRQV
8VLQJWKHWHOHSKRQH 
*
*XDUDQWHH 
+
+RPHDGGUHVV
(QWHULQJDQGVDYLQJ 
,QGH[
,
,QWHUIHUHQFH 
L3RG
&RQQHFWLQJ 
-
-XQFWLRQ
(QWHULQJ 
0
0DLQPHQX 
1DYLJDWLRQ 
0DSQDYLJDWLRQ
$GMXVWLQJWKHVFDOH 
'LVSOD\ 
0RYLQJ 
0DSYLHZ 
0DVWHUGHYLFHPRELOHSKRQH
'HWHUPLQLQJ 
0HQX
$OOVSHFLDOGHVWLQDWLRQV 
$XGLRVHWWLQJV 
%OXHWRRWKVHWWLQJV 
'HWDLOHGLQIRUPDWLRQ 
(GLWLQJDURXWH 
(QWHULQJDQHZGHVWLQDWLRQ
QDYLJDWLRQ 
(QWHULQJDVWUHHW 
3URJUDPPHVHWWLQJVQDYLJDWLRQ  
6FUHHQVHWWLQJV 
6HDUFKLQJIRUDVSHFLDOGHVWL
QDWLRQ 
6HWWLQJVUDGLR 
6HWWLQJVYLGHR 
6\VWHPVHWWLQJV 
7LPHHQWU\ 
9ROXPHVHWWLQJV 
0RELOHSKRQH
&RQQHFWLQJ%OXHWRRWKLQWHU
IDFH 
'HDXWKRULVLQJ 
5HJLVWHULQJDXWKRULVLQJ 
0XVLFPDLQPHQX 
0XVLFPRGH
$FWLYDWLQJ 
6ZLWFKLQJRII 
1
1DYLJDWLRQ
'HDFWLYDWLQJ 
1DYLJDWLRQDQQRXQFHPHQWV
6ZLWFKLQJRII 
6ZLWFKLQJRQ 
1DYLJDWLRQPHQX
6KRZLQJ 
1DYLJDWLRQPRGH
6ZLWFKLQJRQ 
2
2SHUDWLQJVDIHW\ 
3
3KRQHERRN
'RZQORDGLQJIURPPRELOH
SKRQH 
0RELOHSKRQH 
VPDUWKLJKOLQHUDGLR 
3LFWXUHYLHZHU
&DOOLQJXS 
'LVSOD\LQJSLFWXUHV 
5RWDWLQJSLFWXUHV 
3ORWWLQJWKH*36WUDFN([SHUWPRGH  
3UHYLRXVWRZQVQDYLJDWLRQ 
3URGXFWLQIRUPDWLRQ 
3URSHUXVH 
4
4XLFNPHQXQDYLJDWLRQ([SHUW
PRGH
&DOOLQJXS 
(GLWLQJ 
5
5DGLRGLVSOD\ 
5DGLRWH[W 
,QGH[
5RXWH
$OWHUQDWLYHURXWHV 
&DOFXODWLQJ 
5RXWHJXLGDQFH
0DSYLHZ 
5RXWHLQIRUPDWLRQ([SHUWPRGH 
7ULSLQIR 
5RXWHRSWLRQV
&KHFNLQJFKDQJLQJ 
6HWWLQJ 
6
6FUHHQ
'LPPLQJ 
6'00&PHPRU\FDUG
,QVHUWLQJ 
5HPRYLQJ 
6HFXULW\FRGH
&KDQJLQJ 
6HOHFWLQJDNH\ERDUG 
6HOHFWLQJDVWDWLRQUDGLR
8VLQJWKHZDYHEDQGVFDQ 
6HOHFWLQJVWDWLRQV
(QWHULQJWKHIUHTXHQF\PDQXDOO\ 
8VLQJVWDWLRQPHPRU\ 
6HOHFWLQJWUDIILFMDPDYRLGDQFH
([SHUWPRGH 
6HOHFWLQJYLGHRILOHV 
6HWWLQJWKHVWDQGE\WLPH 
6HWWLQJWKHYROXPH
7HOHSKRQHFDOOV 
6HWWLQJWUHEOHDQGEDVV 
6HWWLQJ;EDVV 
VPDUWKLJKOLQHUDGLR
6ZLWFKLQJRQRII 
VPDUWKLJKOLQHUDGLRRSHUDWLQJ
V\VWHP 
6RXQG
6ZLWFKLQJRQRII 
6RXQGVHWWLQJV 
6SHFLDOGHVWLQDWLRQ
&DWHJRU\ 
(QWU\ 
6\PEROVRQWKHPDS 
6SHHG/LPLW$VVLVW 
6WDWLRQ
6HWWLQJWKHVHQVLWLYLW\ 
6WDWLRQPHPRU\ 
6WDWLRQV
6HWWLQJ 
6WDWLRQVHDUFK 
6WRULQJVWDWLRQV
0DQXDOO\ 
6WRULQJVWDWLRQVUDGLR
$XWRPDWLFDOO\ 
6ZLWFKLQJUDGLRPRGHRQRII 
7
7HOHSKRQH
,QFRPLQJFDOO 
5HMHFWLQJHQGLQJDFDOO 
7UDQVIHUULQJDKDQGVIUHHFDOO
WRWKHPRELOHSKRQH 
7HOHSKRQHPHQX 
7RXFKVFUHHQ
&DOLEUDWLQJ 
2YHUYLHZ 
7UDIILF$QQRXQFHPHQW7$
,QWHUUXSWLQJ 
6ZLWFKLQJRQRII 
7UDYHOVWRUH
6WRULQJVWDWLRQVDXWRPDWLFDOO\ 
8
86%SRUW 
9
9LGHR'9'
3OD\LQJFRQGLWLRQV 
6HOHFWLQJDVFHQHFKDSWHU 
9LGHRPDLQPHQX 
9LGHRPRGH
'HDFWLYDWLQJ 
6ZLWFKLQJRQ 
9RLFHFRQWUROV\VWHP
6ZLWFKLQJRII 
6ZLWFKLQJRQ 
9RLFHGLDOWHOHSKRQH 
,QGH[
,QWURGXFWLRQ
*XDUDQWHH
7KHVPDUWVDOHVRUJDQLVDWLRQSURYLGHVD
JXDUDQWHHIRUWKHSHULRGRIPRQWKVZLWK
RXWNLORPHWUHOLPLWIRUWKLVDFFHVVRU\RU
UHSODFHPHQWSDUW
2SHUDWLQJVDIHW\
5LVNRIDFFLGHQW
<RXUDWWHQWLRQPXVWDOZD\VEHIRFXVHGRQ
WKHWUDIILFFRQGLWLRQV2QO\RSHUDWHWKH
UDGLRZKHQWKHWUDIILFVLWXDWLRQSHUPLWV
2SHUDWLQJWKHUDGLRFRXOGGLVWUDFW\RXIURP
WKHWUDIILFFRQGLWLRQVDQGFDXVH\RXWRORVH
FRQWURORI\RXUYHKLFOH7KLVFRXOGUHVXOW
LQDQDFFLGHQW
%HDULQPLQGWKDWDWDVSHHGRIRQO\NP
K\RXUYHKLFOHFRYHUVDGLVWDQFHRIQHDUO\
PSHUVHFRQG
5LVNRIDFFLGHQW
$OZD\VVHWWKHYROXPHVRWKDW\RXUHPDLQ
DEOHWRKHDUWKHVRXQGVRI\RXUHQYLURQPHQW
HJFDUKRUQVDPEXODQFHVSROLFHVLUHQV
HWF<RXFRXOGRWKHUZLVHFDXVHDQDFFL
GHQW
&RUUHFWXVH
$OZD\VREVHUYHWKHIROORZLQJZKHQXVLQJ
WKHDXGLRHTXLSPHQW
=WKHVDIHW\QRWHVLQWKLVPDQXDO
=1DWLRQDOURDGWUDIILFUHJXODWLRQV
5LVNRIDFFLGHQW
,IZRUNRQHOHFWURQLFHTXLSPHQWRUV\VWHPV
HJWKHUDGLRDQGLWVVRIWZDUHLVFDUULHG
RXWLQFRUUHFWO\WKLVHTXLSPHQWFRXOGVWRS
IXQFWLRQLQJ7KHHOHFWURQLFV\VWHPVDUH
OLQNHGWRJHWKHUE\LQWHUIDFHV:RUNRQ
HOHFWURQLFV\VWHPVPD\DOVRFDXVHV\VWHPV
WKDWKDYHQRWEHHQPRGLILHGWRPDOIXQFWLRQ
7KHVHPDOIXQFWLRQVFRXOGDIIHFWWKHRSHU
DWLQJVDIHW\RI\RXUYHKLFOHDQGWKHUHIRUH
DOVRKDYHDFRQVLGHUDEOHHIIHFWRQ\RXU
VDIHW\
7KHUHIRUHRQO\KDYHZRUNRQDQGFKDQJHVWR
HOHFWURQLFFRPSRQHQWVFDUULHGRXWDWD
TXDOLILHGVSHFLDOLVWZRUNVKRSZKLFKKDV
WKHQHFHVVDU\VSHFLDOLVWNQRZOHGJHDQG
WRROVWRFDUU\RXWWKHZRUNUHTXLUHG
'DLPOHUUHFRPPHQGVWKDW\RXYLVLWD
VPDUW&HQWUHIRUWKLVSXUSRVH
7KLVUDGLRUHFHLYHULVVXLWDEOHIRURSHUD
WLRQE\DOOSHUVRQVLQDFFRUGDQFHZLWK
YDOLG(8GLUHFWLYHV
7KHGHYLFHFRQIRUPVWRFXUUHQWO\DSSOLFD
EOH(XURSHDQRUKDUPRQLVHGQDWLRQDO
VWDQGDUGV
7KHUHIRUHDGKHUHQFHWRWKHUHOHYDQWVSHF
LILFDWLRQVIRUHOHFWURPDJQHWLFFRPSDWL
ELOLW\LVJXDUDQWHHGIRUWKLVGHYLFH
$VDUHVXOWLQWHUIHUHQFHFDXVHGE\\RXU
HTXLSPHQWWRRWKHUHOHFWULFDOHOHFWURQLF
HTXLSPHQWDVZHOODVLQWHUIHUHQFHWR\RXU
HTXLSPHQWFDXVHGE\RWKHUHOHFWULFDO
HOHFWURQLFHTXLSPHQWLVODUJHO\SUHYHQ
WHG
7KHHTXLSPHQWLVDSSURYHGE\WKHYHKLFOH
PDQXIDFWXUHULQDFFRUGDQFHZLWK(XURSHDQ
$XWRPRWLYH(0&'LUHFWLYH(&7KHUH
IRUHRSHUDWLRQDFFRUGLQJWRLWVLQWHQGHG
SXUSRVHLVDSSURYHGIRU\RXUYHKLFOH7KH
HTXLSPHQWGRHVQRWUHTXLUHFHUWLILFDWLRQ
,WFRPSOLHVZLWKGHYLFHVSHFLILF(0&
UHTXLUHPHQWVDFFRUGLQJWRWKHIROORZLQJ
(XURSHDQVWDQGDUGV
=(1
=(1
3RUWDEOHHOHFWURQLFGHYLFHVLQWKHFDU
FDQVHYHUHO\LPSDLUWKHUDGLRUHFHSWLRQ
7KHJXDUDQWRULVWKHUHVSHFWLYHVDOHVRUJDQLVDWLRQLQWKHFRXQWU\LQZKLFKWKHDFFHVVRU\RUUHSODFHPHQW
SDUWZDVERXJKWVHHOLVWLQWKHVHUYLFHERRNOHW
!!VPDUWKLJKOLQHUDGLR
$WDJODQFH
2SHUDWLQJV\VWHP
2YHUYLHZ
)XQFWLRQ 3DJH
FEXWWRQ
3UHVVEULHIO\FDOOVXSWKH
PDLQPHQX
3UHVVDQGKROGFDOOVXS
WKH$XGLRVHWWLQJVPHQX
G/(' 
%OXHGLVSOD\%OXHWRRWK
GHYLFHPRELOHSKRQH
DXGLRHTXLSPHQWLVFRQ
QHFWHG
)ODVKLQJEOXHGLVSOD\
%OXHWRRWKFRQQHFWLRQLV
EHLQJHVWDEOLVKHG
1RGLVSOD\QR%OXHWRRWK
GHYLFHLVFRQQHFWHG
7RXFKVFUHHQ 
)XQFWLRQ 3DJH
0LFURSKRQH
7HOHSKRQHRSHUDWLRQ 
9RLFHFRPPDQGVLQQDYL
JDWLRQ 
'\QDPLF1RLVH&RYHULQJ 
%ULJKWQHVVVHQVRU 
øEXWWRQ
0RYHVWKHIURQWSDQHOXS
GRZQ
!!VPDUWKLJKOLQHUDGLR
)XQFWLRQ 3DJH
n%ULHIO\SUHVVWKHFRQWURO
NQRE
VZLWFKHVRQWKHVPDUW
KLJKOLQHUDGLR 
PXWHVWKHDXGLRYLGHR
VRXUFHRUWKHQDYLJDWLRQ
DQQRXQFHPHQW 
3UHVVDQGKROGWKHFRQWURO
NQRE
VZLWFKHVWKHVPDUWKLJK
OLQHUDGLRRII 
7XUQWKHFRQWURONQRE
DGMXVWVWKHYROXPH 
G7KHUHLVDUHVHWEXWWRQWRWKHULJKWRI
/('G,IWKHVPDUWKLJKOLQHUDGLRLV
QRWZRUNLQJFRUUHFWO\LWFDQEHUHVHWDQG
UHVWDUWHG7RGRWKLVSUHVVWKHUHVHW
EXWWRQXVLQJDSHQIRUH[DPSOH
!!VPDUWKLJKOLQHUDGLR
0RYHVWKHIURQWSDQHOXSGRZQ
)XQFWLRQ 3DJH
o'LVFVORW
,QVHUWV&'V'9'V 
(MHFWVWKH&''9' 
p6'00&PHPRU\FDUGVORW
/RDGVDQ6'00&PHPRU\
FDUG 
(MHFWVDQ6'00&PHP
RU\FDUG 
q(MHFWEXWWRQ 
'LVSOD\OLJKWVXSRUDQJH
&''9'LVLQVHUWHG
1RGLVSOD\QR&''9'
LQVHUWHG
7RPRYHWKHIURQWSDQHOGRZQSUHVVEXW
WRQ
7RPRYHWKHIURQWSDQHOXSSUHVVEXWWRQ
DJDLQ
G7KHIURQWSDQHOLVPRYHGXSDXWRPDWL
FDOO\DIWHUDSSUR[LPDWHO\RQHPLQXWH
EXWWRQ
<RXFDQFDOOXSWKHPDLQPHQXRUWKH$XGLR
VHWWLQJVPHQXXVLQJWKLVEXWWRQ
7RFDOOXSWKHPDLQPHQXSUHVVWKH
EXWWRQEULHIO\
0DLQPHQX
6HOHFWWKHIROORZLQJIXQFWLRQVIURPWKH
PDLQPHQX
6HOHFWLRQ 6WHS
5DGLR
6ZLWFKHVRQUDGLRPRGH
SDJH
0XVLF
&DOOVXSWKHPXVLFPDLQ
PHQXSDJH
!!VPDUWKLJKOLQHUDGLR
6HOHFWLRQ 6WHS
9LGHR
&DOOVXSWKHYLGHRPDLQ
PHQXSDJH
1DYLJDњ
WLRQ
6ZLWFKHVRQQDYLJDWLRQ
PRGHSDJH
7HOHњ
SKRQH
&DOOVXSWKHWHOHSKRQHPHQX
SDJH
([WUDV
&DOOVXSWKHSLFWXUHYLHZHU
SDJH
RU
6HOHFWLQJJHQHUDOVHWWLQJV
=$XGLRVHWWLQJV
SDJH
=9ROXPHVHWWLQJV
SDJH
=6FUHHQVHWWLQJV
SDJH
=&ORFNVHWWLQJV
SDJH
=6\VWHPVHWWLQJV
SDJH
7RFDOOXSWKH$XGLRVHWWLQJVPHQX
SUHVVDQGKROGWKHEXWWRQ
$XGLRVHWWLQJVPHQX
7KHVHWWLQJRSWLRQVIRU
%DODQFH

%DVV
7UHEOH
DQG
;EDVV
FDQEHIRXQGLQWKH
6RXQGVHWWLQJVVHFWLRQSDJH
)XUWKHUVHWWLQJRSWLRQVDUHGHVFULEHGLQ
WKH$XGLRVHWWLQJVVHFWLRQSDJH
7RXFKVFUHHQ
*HQHUDOQRWHV
:HDULQJSRODULVHGVXQJODVVHVFDQOLPLWWKH
GLVSOD\VOHJLELOLW\
&OHDQLQJLQVWUXFWLRQV
7KHGLVSOD\PXVWEHVZLWFKHGRIIDQGFRROHG
GRZQEHIRUH\RXVWDUWFOHDQLQJ&OHDQWKH
GLVSOD\VFUHHQZKHQQHFHVVDU\ZLWKD
FRPPHUFLDOO\DYDLODEOHPLFURILEUHFORWK
DQGFOHDQLQJDJHQWIRU7)7/&'GLVSOD\V
7KHQGU\WKHVXUIDFHZLWKDGU\PLFURILEUH
FORWK
'RQRWXVHDQ\DOFRKROEDVHGWKLQQHUVSHW
URORUDEUDVLYHFOHDQLQJDJHQWV7KHVH
FRXOGGDPDJHWKHGLVSOD\VXUIDFH'RQRW
DSSO\SUHVVXUHWRWKHGLVSOD\VXUIDFHZKHQ
FOHDQLQJLWDVWKLVFRXOGFDXVHLUUHYHUVL
EOHGDPDJH
!!VPDUWKLJKOLQHUDGLR
2YHUYLHZ
5DGLRGLVSOD\H[DPSOH
F6WDWXVEDU
G6ZLWFKHVUDGLRPRGHRII
'LVSOD\VHOHFWLRQDUHD
5DGLRPHQXEDU
7KHLFRQEDUVKRZVWKHDFWLYDWHGIXQFWLRQVIRUIDVWVZLWFKLQJ
7KHVWDWXVEDUFVKRZVWKHWLPHDQGWKHFXUUHQWVHWWLQJVIRUUDGLRRSHUDWLRQ
<RXFDQVZLWFKWKHUDGLRRIIXVLQJFORVLQJER[G
'LVSOD\VHOHFWLRQDUHDVKRZV
=WKHVWDWLRQQDPHDQGWKHVWDWLRQIUHTXHQF\OLQH
=WKHUDGLRWH[WDVVFUROOLQJWH[WOLQH
=WKHZDYHEDQGOLQH
=WKHDVVLJQPHQWRIWKHILUVWIRXUPHPRU\SRVLWLRQVOLQH
G7KHUDGLRWH[WLVVZLWFKHGRIILQWKHVWDQGDUGVHWWLQJ6ZLWFKLQJUDGLRWH[WRQRII
SDJH
5DGLRPHQXEDUDOORZV\RXWRRSHUDWHWKHGLIIHUHQWUDGLRIXQFWLRQV
,FRQEDUVKRZVZKLFKRWKHUIXQFWLRQVDUHFXUUHQWO\DFWLYDWHGLQWKHH[DPSOHWKHVH
DUHQDYLJDWLRQDQGPXVLFPRGH3UHVVLQJRQHRIWKHV\PEROVVZLWFKHVWRWKHUHOHYDQWPRGH
,PSRUWDQWPHQXIXQFWLRQV
7KHIROORZLQJLOOXVWUDWLRQVKRZVWKH
LPSRUWDQWV\PEROVWKDWDUHVKRZQLQVHY
HUDOPHQXVDQGFDQEHVHOHFWHGE\SUHVVLQJ
 !!VPDUWKLJKOLQHUDGLR
F6ZLWFKHVEHWZHHQDSUHVHWOLVWDQGWKH
SOD\EDFNGLVSOD\
G&DOOVXSWKHVHDUFKPHQX
'HOHWHVDFKDUDFWHURUDQHQWU\
6ZLWFKHVRIIWKHFXUUHQWRSHUDWLQJPRGH
&DOOVXSWKHQH[WKLJKHUPHQXOHYHO
&RQILUPVDQHQWU\
n&DQFHOVDIXQFWLRQ
o&DOOVXSWKH6HWWLQJVPHQX
6HOHFWLQJDIXQFWLRQ
<RXZRXOGOLNHWRFDOOXSWKHUDGLRVHWWLQJV
IRUH[DPSOHLQWKHUDGLRGLVSOD\
3UHVV
7KH5DGLRVHWWLQJVPHQXDSSHDUV
<RXKHDUDFOLFNLQJVRXQG<RXFDQVHWWKH
YROXPHRIWKHFOLFNSDJH
3UHVVBWRFDOOXSWKHUDGLRGLVSOD\
DJDLQ
2SHUDWLRQ
([DPSOHRIRSHUDWLRQ
,QLWLDOVLWXDWLRQ
<RXZRXOGOLNHWRVWRUH\RXUSUHIHUUHG
UDGLRVWDWLRQLQWKHVWDWLRQSUHVHWPHPRU\
6ZLWFKLQJRQUDGLRPRGH
3UHVV
5DGLR
LQWKHPDLQPHQXSDJH
7KHUDGLRGLVSOD\DSSHDUV<RXZLOOKHDU
WKHFXUUHQWVWDWLRQVHOHFWHG
6HOHFWLQJDVWDWLRQ
3UHVVõRUöLQWKHUDGLRPHQX
7KHQHHGOHMXPSVOHIWRUULJKWLQWKH
ZDYHEDQGDQGVWRSVDWWKHQH[WVWDWLRQ
ZLWKDGHTXDWHUHFHSWLRQ
5HSHDWWKHRSHUDWLRQVWHSXQWLOWKH
GHVLUHGVWDWLRQLVVHOHFWHG
!!VPDUWKLJKOLQHUDGLR 
)XUWKHUVHWWLQJRSWLRQVFDQEHIRXQGLQWKH
6HOHFWLQJDVWDWLRQVHFWLRQSDJH
6WRULQJVWDWLRQV
,QWKHH[DPSOHWKHVWDWLRQELJ)0LV
VHOHFWHGDQG\RXZRXOGOLNHWRVWRUHWKLVDV
SUHVHWSRVLWLRQ
LQWKHVWDWLRQSUHVHWV
<RXFDQVDYH\RXUIRXUIDYRXULWHVWDWLRQVWR
WKHILUVWIRXUSUHVHWSRVLWLRQVLQWKLVZD\
3UHVVDQGKROGSUHVHWSRVLWLRQXQWLO\RX
KHDUDFRQILUPDWLRQWRQH
F7KHFXUUHQWVWDWLRQLVVWRUHGDVSUHVHW
SRVLWLRQ
)XUWKHUVHWWLQJRSWLRQVFDQEHIRXQGLQWKH
6WRULQJDVWDWLRQVHFWLRQSDJH
(QWHULQJFKDUDFWHUVLQQDYLJDWLRQ
(QWHULQJFKDUDFWHUV
7KHIROORZLQJVHFWLRQVH[SODLQFKDUDFWHU
HQWU\IRUWKHH[DPSOHRIHQWHULQJWKHVWUHHW
QDPH
8QWHUGHQ/LQGHQ
&DOOXSWKH(QWHULQJDVWUHHWQDPHPHQX
SDJH
$OOOHWWHUVDUHDYDLODEOHLQWKHPHQX
(QWHU
8

1

7
7KHOHWWHUVDUHHQWHUHGLQWKHHQWU\
OLQHF
F/HWWHUVHQWHUHGE\WKHXVHU
817
G'HOHWHVDFKDUDFWHURUDQHQWU\
&DOOVXSDOOHQWULHVWKDWPDWFKWKHFXU
UHQWXVHUHQWU\
&KDUDFWHUVQRWFXUUHQWO\DYDLODEOH
7KHILUVWWKUHHHQWULHVWKDWEHVWPDWFK
WKHFXUUHQWXVHUHQWU\
&KDUDFWHUVFXUUHQWO\DYDLODEOH
)LUVWWKUHHHQWULHVWKDWEHVWPDWFKWKH
FXUUHQWXVHUHQWU\DUHGLVSOD\HG,IWKH
HQWU\\RXZHUHVHDUFKLQJIRULVVKRZQ\RX
FDQVHOHFWLW
$OORIWKHFKDUDFWHUVWKDWKDYHEHHQHQWHUHG
VRIDUDUHVKRZQLQZKLWHOHWWHUV
817
FLQ
WKHH[DPSOH
7KHFKDUDFWHUVWKDWFDQEHHQWHUHGQH[WDUH
VKRZQLQZKLWHRQWKHNH\ERDUG7KH
FKDUDFWHUVDYDLODEOHGHSHQGRQWKHHQWU\
PDGHE\WKHXVHUVRIDUDQGWKHGDWDFRQ
 !!VPDUWKLJKOLQHUDGLR
WDLQHGRQWKHGLJLWDOPDS&KDUDFWHUVWKDW
DUHQRWDYDLODEOHDUHEODFN
7KH
0RUHKLWV
RSWLRQFDQEHXVHGWR
VZLWFKWRWKHOLVW
)XUWKHUHQWU\RSWLRQV
7RGHOHWHDFKDUDFWHUSUHVVV\PEROG
7RGHOHWHDQHQWU\SUHVVV\PEROG
UHSHDWHGO\XQWLOWKHHQWLUHHQWU\KDV
EHHQGHOHWHG
7RVHOHFWDQXPEHUVSHFLDOFKDUDFWHU
SUHVV
"
6HOHFWDQXPEHURUVSHFLDOFKDUDFWHU
3UHVV
$%&
WRUHWXUQWRHQWHULQJOHWWHUV
7RVHOHFWDQXPODXWSUHVV

6HOHFWDQXPODXW
3UHVV
$%&
WRUHWXUQWRHQWHULQJOHWWHUV
7RVHOHFWDNH\ERDUGFDOOXSWKH6\VWHP
VHWWLQJVPHQXSDJHDQGVHOHFWD
NH\ERDUGSDJH
<RXFDQVHOHFWWKHIROORZLQJNH\ERDUGVHW
WLQJV
=$OSKDEHWLFDO
=*HUPDQ*HUPDQ4:(57=FRPSXWHUNH\
ERDUG
=(QJOLVK8.
=)UHQFK
=&\ULOOLF
7RH[LWFKDUDFWHUHQWU\SUHVVB
&DOOLQJXSWKHOLVWRIVWUHHWV
3UHVV
0RUHKLWV
7KHOLVWRIVWUHHWVDSSHDUVDQGVKRZVWKH
VHFWLRQRIWKHOLVWWKDWEHVWPDWFKHVWKH
XVHUHQWU\VRIDU
3UHVV<RU=WRVFUROOLQWKHOLVW
6HOHFWWKHGHVLUHGVWUHHW
7KHVWUHHWLVDFFHSWHG
,QIRUPDWLRQDERXWHQWHULQJDGHVWLQDWLRQ
FDQEHIRXQGLQWKH'HVWLQDWLRQHQWU\
VHFWLRQSDJH
&KDUDFWHUHQWU\LQWKHSKRQHERRN
&UHDWLQJDQHZHQWU\LQWKHVPDUWKLJKOLQH
UDGLRSKRQHERRN
7KHH[DPSOHVKRZVKRZWRVWRUHDFRQWDFW
IURPWKHSKRQHERRNLQWKHPRELOHSKRQH
SDJHWRWKHVPDUWKLJKOLQHUDGLR
SKRQHERRN
6HOHFWDFRQWDFWIURPWKHSKRQHERRNLQ
WKHPRELOHSKRQHDQGSUHVVWKHVDYHV\P
ERO
$QLQSXWPHQXDSSHDUV
(QWHUDQDPH3URFHHGDVGHVFULEHGLQWKH
(QWHULQJFKDUDFWHUVLQQDYLJDWLRQ
VHFWLRQSDJH
3UHVV
2.
DQGFRQILUPWKHQDPH
7KH
6DYHG
PHVVDJHDSSHDUV
)XUWKHUHQWU\RSWLRQV
F&DOOVXSXPODXWV
G&DOOVXSQXPEHUVDQGVSHFLDOFKDUDF
WHUV
7RGHOHWHDFKDUDFWHUSUHVVV\PEROe
!!VPDUWKLJKOLQHUDGLR 
7RGHOHWHDQHQWU\SUHVVV\PEROe
UHSHDWHGO\XQWLOWKHHQWLUHHQWU\KDV
EHHQGHOHWHG
7RVHOHFWDQXPEHUVSHFLDOFKDUDFWHU
SUHVVG
6HOHFWDQXPEHURUVSHFLDOFKDUDFWHU
3UHVV
$%
WRUHWXUQWRHQWHULQJOHWWHUV
7RVHOHFWDQXPODXWSUHVVF
6HOHFWDQXPODXW
3UHVV
$%
WRUHWXUQWRHQWHULQJOHWWHUV
7RVHOHFWDNH\ERDUGFDOOXSWKH6\VWHP
VHWWLQJVPHQXSDJHDQGVHOHFWD
NH\ERDUGSDJH
7RH[LWFKDUDFWHUHQWU\SUHVVB
)LQLVKLQJDQGVDYLQJDQHQWU\
3UHVV
2.
%DVLFIXQFWLRQV
6DIHW\QRWH
5LVNRIDFFLGHQW
%HIRUHGULYLQJRII\RXVKRXOGEHIDPLOLDU
ZLWKWKHRSHUDWLRQRIWKHIXQFWLRQVZKLFK
\RXFRQVLGHUWKHPRVWLPSRUWDQW1HYHUWU\
RXWQHZIXQFWLRQVZKLOHWKHYHKLFOHLVLQ
PRWLRQ7KLVZLOOGLVWUDFW\RXIURPWKH
WUDIILFFRQGLWLRQVDQGPD\UHVXOWLQDQ
DFFLGHQW
2SHUDWHWKHUDGLRRQO\LQVXFKDPDQQHUDV
WRDOORZ\RXWRUHWDLQIXOOFRQWURORI\RXU
YHKLFOHLQDOOWUDIILFFRQGLWLRQV
%HDULQPLQGWKDWDWDVSHHGRINPK
\RXUYHKLFOHLVDOUHDG\FRYHULQJDGLVWDQFH
RIPSHUVHFRQG
6ZLWFKLQJWKHVPDUWKLJKOLQHUDGLRRQ
RII
6ZLWFKLQJRQ
3UHVVFRQWURONQRE¡EULHIO\
$IWHUWKHLQLWLDOVFUHHQHLWKHUWKHODVW
PHQXDFWLYDWHGRUDPHQXWRHQWHUWKH
VHFXULW\FRGHDSSHDUV
(QWHUWKHIRXUGLJLWVHFXULW\FRGHDQG
SUHVV
2.
7KHVPDUWKLJKOLQHUDGLRLVVZLWFKHGRQ
DQGVKRZVWKHODVWPHQXDFWLYDWHG
G7KHVHFXULW\FRGHLVVHWWRDWWKH
IDFWRU\,WLVUHFRPPHQGHGWKDW\RX
FKDQJHWKHVHFXULW\FRGHSDJH
 !!VPDUWKLJKOLQHUDGLR
G<RXKDYHWHQDWWHPSWVWRHQWHUWKHFRU
UHFWVHFXULW\FRGH,I\RXHQWHUDQLQFRU
UHFWVHFXULW\FRGHDQHUURUPHVVDJH
VWDWLQJWKHQXPEHURIDWWHPSWVUHPDLQ
LQJLVVKRZQIRUWZRVHFRQGV
G,IWKHVPDUWKLJKOLQHUDGLRZDVODVW
VZLWFKHGRIIE\VZLWFKLQJWKHHQJLQHRII
LWLVWKHQVZLWFKHGRQDJDLQZKHQWKH
HQJLQHLVQH[WVWDUWHG
'HDFWLYDWLQJ
%\VZLWFKLQJWRVWDQGE\PRGHSUHVVDQG
KROGFRQWURONQRE¡
7KHVPDUWKLJKOLQHUDGLRDOZD\V
VZLWFKHVWRVWDQGE\PRGHDIWHUWKH
*RRG
%\H
PHVVDJH
6WDQGE\PRGHLVWHUPLQDWHGDIWHUDGHILQHG
WLPHSHULRGVWDQGE\WLPH7KHGHYLFHLV
WKHQVZLWFKHGRII<RXFDQVHWWKHVWDQGE\
WLPHSDJH
,QVWDQGE\PRGHWKHGHYLFHLVUHDG\IRUXVH
TXLFNO\DIWHUEHLQJVZLWFKHGRQDJDLQ
G,IWKHVPDUWKLJKOLQHUDGLRLVRSHUDWHG
ZKLOHWKHHQJLQHLVVZLWFKHGRIIWKH
GHYLFHDOVRJRHVLQWRVWDQGE\PRGHDIWHU
PLQXWHV$PHVVDJHWRWKLVHIIHFWZLOO
EHVKRZQILUVW
:LWKRXWVZLWFKLQJWRVWDQGE\PRGHSUHVV
FRQWURONQRE¡IRUDSSUR[LPDWHO\WHQ
VHFRQGV
0XWH
$XGLRDQGYLGHRVRXUFH
3UHVVFRQWURONQRE¡EULHIO\
7KHDXGLRRUYLGHRVRXUFHLVPXWHG:KHQ
WKHVRXQGLVVZLWFKHGRII\RXZLOOVHH
WKHtLFRQLQWKHVWDWXVEDU
G<RXZLOOVWLOOKHDUWUDIILFDQQRXQFH
PHQWVDQGQDYLJDWLRQDQQRXQFHPHQWV
HYHQLIWKHVRXQGLVPXWHG
7KHtV\PEROFDQQRWEHVHHQRQYHU\
EULJKWDUHDVRIWKHVFUHHQLQYLGHRPRGH
DQGLQWKHSLFWXUHYLHZHU
$XGLRVRXUFHVDUHPXWHGDXWRPDWLFDOO\LI
\RXDFWLYDWHYRLFHFRQWUROV\VWHPIRUWKH
QDYLJDWLRQSDJH
6ZLWFKLQJ7UDIILF3URJUDPPHDQGQDYLJD
WLRQDQQRXQFHPHQWVRQRII
7RVZLWFKWKH7UDIILF3URJUDPPHRQRII
FDOOXSWKH6HWWLQJVPHQXLQUDGLRPRGH
DQGSUHVV
7UDIILFDQQRXQFHPHQW
SDJH
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
7RVZLWFKRIIQDYLJDWLRQDQQRXQFH
PHQWVSUHVVFRQWURONQRE¡EULHIO\GXU
LQJDQDYLJDWLRQDQQRXQFHPHQW
RU
6ZLWFKRIIYRLFHRXWSXWYLDWKH6HW
WLQJVPHQXSDJH
7RVZLWFKRQQDYLJDWLRQPHVVDJHVSUHVV
RQWKHDUURZLQGLFDWLQJWKHGULYLQJ
GLUHFWLRQRQWKHPDSGXULQJURXWHJXLG
DQFH
RU
6ZLWFKRQYRLFHRXWSXWYLDWKH6HWWLQJV
PHQXSDJH
$GMXVWVWKHYROXPH
$GMXVWLQJWKHYROXPHIRUWKHDXGLRRUYLGHR
VRXUFH
7XUQ[WKHFRQWURONQRE
$GMXVWLQJWKHYROXPHIRUWKHWUDIILF
DQQRXQFHPHQWVDQGQDYLJDWLRQDQQRXQFH
PHQWV
2SWLRQ
7XUQ[WKHFRQWURONQREGXULQJDWUDI
ILFDQQRXQFHPHQWRUDQDYLJDWLRQ
DQQRXQFHPHQWV
2SWLRQ
$GMXVWWKHYROXPHIRUWKHWUDIILF
DQQRXQFHPHQWVSDJHRUWKHDXGLR
IDGHRXWLQWKH9ROXPHVHWWLQJVPHQX
!!VPDUWKLJKOLQHUDGLR 
GXULQJDWUDIILFDQQRXQFHPHQW
SDJH
$GMXVWLQJWKHYROXPHIRUSKRQHFDOOV
2SWLRQ
7XUQ[WKHFRQWURONQREGXULQJD
SKRQHFDOO
G7KHYROXPHLVVHWWRWKHGHIDXOWYDOXH
DJDLQIRUWKHQH[WSKRQHFDOO
2SWLRQ
6HWLQWKH9ROXPHVHWWLQJVPHQX
SDJH
)XUWKHUYROXPHVHWWLQJV
)XUWKHUVHWWLQJVFDQEHPDGHLQWKH9RO
XPHVHWWLQJVPHQX
=6ZLWFKRQYROXPHSDJH
=9ROXPHRIWKHFRQILUPDWLRQWRQH
SDJH
=&OLFNYROXPHSDJH
$GMXVWLQJWKHVRXQGVHWWLQJV
,QWURGXFWLRQ
<RXFDQDGMXVWWKHEDODQFHWUHEOHDQGEDVV
DVZHOODVWKH;EDVVLQWKH$XGLRVHW
WLQJVPHQX
:LWKWKH%DODQFHIXQFWLRQ\RXFDQFRQWURO
ZKHWKHUWKHVRXQGLVORXGHURQWKHGULYHU·V
RUIURQWSDVVHQJHUVLGH
;EDVVFDQEHXVHGWRLQFUHDVHWKHEDVVE\
XSWRVL[OHYHOVIRUDVHOHFWHGIUHTXHQF\
+]+]+]+]+]
$GMXVWLQJWKHEDODQFH
&DOOXSWKH$XGLRVHWWLQJVPHQX
SDJH
3UHVV
%DODQFH
3UHVV@RUÙWRVHWWKHVRXQGIRFXV
SRLQW
6HWWLQJWUHEOHDQGEDVV
&DOOXSWKH$XGLRVHWWLQJVPHQX
SDJH
3UHVV
%DVV7UHEOH
3UHVV@RUÙUHVSHFWLYHO\WRVHW
EDVVDQGWUHEOH
6HWWLQJ;EDVV
&DOOXSWKH$XGLRVHWWLQJVPHQX
3UHVV
;EDVV
 !!VPDUWKLJKOLQHUDGLR
3UHVV@RUÙWRVHWWKHIUHTXHQF\
3UHVV<RU=WRLQFUHDVHWKH;
EDVVE\OHYHO
3UHVV
2.
7KHVHWWLQJVDUHVWRUHGDQG\RXH[LWWKH
PHQX
*HQHUDOVHWWLQJV
9ROXPHVHWWLQJV
&DOOLQJXSWKH9ROXPHVHWWLQJVPHQX
3UHVV
([WUDV
LQWKHPDLQPHQX
SDJH
3UHVV
2SWLRQV
LQWKH([WUDVPHQX
7KH*HQHUDOVHWWLQJVPHQXDSSHDUV
3UHVV
9ROXPHVHWWLQJV
$GMXVWLQJWKHYROXPHIRUWUDIILF
DQQRXQFHPHQWV
<RXFDQLQFUHDVHRUGHFUHDVHWKHYROXPHIRU
VXEVHTXHQWWUDIILFDQQRXQFHPHQWV
&DOOLQJXSWKH9ROXPHVHWWLQJVPHQX
7KHHQWU\RQWKHULJKWEHVLGH
7UDIILF
DQQRXQFHPHQW
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
7UDIILFDQQRXQFHPHQW
LQWKH
PHQX
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRDGMXVWWKHYROXPH
<RXFDQVHOHFWYDOXHVEHWZHHQVZLWFKHG
RIIDQGORXG
RU
7XUQ[WKHFRQWURONQRE
7RFRQILUPWKHVHWWLQJSUHVV
2.
7KH9ROXPHVHWWLQJVPHQXDSSHDUV
$GMXVWLQJWKHYROXPHIRUSKRQHFDOOV
<RXFDQDGMXVWWKHYROXPHIRUKDQGVIUHH
PRGH
&DOOXSWKH9ROXPHVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
0RELOH
SKRQH
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
0RELOHSKRQH
LQWKHPHQX
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRDGMXVWWKHYROXPH
<RXFDQVHOHFWYDOXHVEHWZHHQVZLWFKHG
RIIDQGORXG
RU
7XUQ[WKHFRQWURONQRE
7RFRQILUPWKHVHWWLQJSUHVV
2.
7KH9ROXPHVHWWLQJVPHQXDSSHDUV
$XGLRIDGHRXWGXULQJDQDYLJDWLRQ
DQQRXQFHPHQW
7KHYROXPHRIDQDXGLRVRXUFHFDQEHORZ
HUHGGXULQJDQDYLJDWLRQDQQRXQFHPHQW
!!VPDUWKLJKOLQHUDGLR 
&DOOXSWKH9ROXPHVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
1DYLJDњ
WLRQ
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
1DYLJDWLRQ
LQWKHPHQX
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRDGMXVWWKHYROXPH
IDGHRXW<RXFDQVHOHFWYDOXHVEHWZHHQ
QRIDGHRXWWROLJKWWRVWURQJIDGH
RXWDQGIXOOIDGHRXW
RU
7XUQ[WKHFRQWURONQRE
7RFRQILUPWKHVHWWLQJSUHVV
2.
7KH9ROXPHVHWWLQJVPHQXDSSHDUV
$GMXVWLQJWKHVZLWFKRQYROXPH
&DOOXSWKH9ROXPHVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
2QYROњ
XPH
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
2QYROXPH
LQWKHPHQX
$PHQXDSSHDUV
3UHVV
/DVWYROXPH
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
:KHQWKHIXQFWLRQLVVZLWFKHGRQWKH
VZLWFKRQYROXPHLVWKHYROXPHDWZKLFK
WKHVPDUWKLJKOLQHUDGLRZDVODVW
VZLWFKHGRII7KH
/DVW
HQWU\LVRQWKH
ULJKWEHVLGH
2QYROXPH
LQWKHPHQX
RU
3UHVV
)L[HGRQYROXPH
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRDGMXVWWKHYROXPH
<RXFDQVHOHFWYDOXHVEHWZHHQVZLWFKHG
RIIDQGORXG
RU
7XUQ[WKHFRQWURONQRE
7RFRQILUPWKHVHWWLQJSUHVV
2.
7KH9ROXPHVHWWLQJVPHQXDSSHDUV
$GMXVWLQJWKHYROXPHRIWKHFRQILUPDWLRQ
WRQHEHHS
6RPHIXQFWLRQVVXFKDVVWRULQJDUDGLR
VWDWLRQDUHDFNQRZOHGJHGZLWKDFRQILU
PDWLRQWRQH<RXFDQDGMXVWWKHYROXPHRI
WKHFRQILUPDWLRQWRQH
&DOOXSWKH9ROXPHVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
%HHS
VKRZV
WKHFXUUHQWVHWWLQJ
3UHVV
%HHS
LQWKHPHQX
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRDGMXVWWKHYROXPH
<RXFDQVHWYDOXHVEHWZHHQVZLWFKHG
RIIDQGORXG
7RFRQILUPWKHVHWWLQJSUHVV
2.
7KH9ROXPHVHWWLQJVPHQXDSSHDUV
$GMXVWLQJWKHFOLFNYROXPH
(QWULHVWKDW\RXPDNHE\SUHVVLQJEULHIO\
RQWKHVFUHHQDUHDFFRPSDQLHGE\DWRQH
FOLFN<RXFDQDGMXVWWKHYROXPHRIWKLV
FOLFN
&DOOXSWKH9ROXPHVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
&OLFN
VKRZV
WKHFXUUHQWVHWWLQJ
3UHVV=XQWLOWKH
&OLFN
HQWU\
DSSHDUV
3UHVV
&OLFN
$VHWWLQJVPHQXDSSHDUV
 !!VPDUWKLJKOLQHUDGLR
3UHVV@RUÙWRDGMXVWWKHYROXPH
<RXFDQVHWYDOXHVEHWZHHQVZLWFKHG
RIIDQGORXG
7RFRQILUPWKHVHWWLQJSUHVV
2.
7KH9ROXPHVHWWLQJVPHQXDSSHDUV
6FUHHQVHWWLQJV
&DOOLQJXSWKH6FUHHQVHWWLQJVPHQX
3UHVV
([WUDV
LQWKHPDLQPHQX
SDJH
3UHVV
2SWLRQV
LQWKH([WUDVPHQX
7KH*HQHUDOVHWWLQJVPHQXDSSHDUV
3UHVV
'LVSOD\VHWWLQJV
'LPPLQJWKHVFUHHQ
7KHEULJKWQHVVVHWLQWKHEULJKWQHVVVHQVRU
SDJHSRVLWLRQRIWKHVPDUWKLJK
OLQHUDGLRDIIHFWVWKHVHWWLQJRSWLRQVIRU
WKLVIXQFWLRQ
:KHQ\RXGLPWKHVFUHHQDGMXVWWKHGLVSOD\
OLJKWLQJDFFRUGLQJO\<RXFDQFKRRVH
EHWZHHQDXWRPDWLFRUPDQXDOVHWWLQJ
&DOOLQJXSWKH6FUHHQVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
'LPPLQJ
VKRZVWKHFXUUHQWVHWWLQJ
6HOHFW
'LPPLQJ
$PHQXDSSHDUV
$XWRPDWLFVHWWLQJSUHVV
$XWRPDWLF
ILUVWDQGWKHQSUHVVB
7KHVHWWLQJLVDFFHSWHGDQGWKH6FUHHQ
VHWWLQJVPHQXDSSHDUV
0DQXDOVHWWLQJSUHVV
0DQXDO
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRVHOHFWDYDOXH
EHWZHHQYHU\GDUNDQGEULJKWIRU
WKHGLPPHU
3UHVV
2.
7KHVHWWLQJLVDFFHSWHG
3UHVVB
7KH6FUHHQVHWWLQJVPHQXDSSHDUV
6HWWLQJWKHEULJKWQHVV
&DOOLQJXSWKH6FUHHQVHWWLQJVPHQX
SDJH
3UHVV
%ULJKWQHVV
7KHHQWU\RQWKHULJKW
EHVLGH
%ULJKWQHVV
VKRZVWKHFXUUHQW
VHWWLQJ
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRVHOHFWDYDOXHIRU
WKHEULJKWQHVV
3UHVV
2.
7KHVHWWLQJLVDFFHSWHG
6HOHFWLQJDFRORXUVFKHPH
&DOOLQJXSWKH6FUHHQVHWWLQJVPHQX
SDJH
3UHVV
%DFNJURXQGVW\OH
7KHHQWU\RQ
WKHULJKWEHVLGH
%DFNJURXQGVW\OH
VKRZVWKHFXUUHQWVHWWLQJ
$PHQXDSSHDUV
6HOHFWWKHGHVLUHGFRORXUVFKHPH
3UHVV
2.
WRFRQILUPWKHVHOHFWLRQ
7KHGLVSOD\DSSHDUVLQWKHVHOHFWHGFRO
RXUVFKHPH
!!VPDUWKLJKOLQHUDGLR 
&ORFNVHWWLQJV
,QWURGXFWLRQ
7KHVPDUWKLJKOLQHUDGLRVHWVWKHWLPH
DXWRPDWLFDOO\LILWKDVVXIILFLHQW*36
UHFHSWLRQ
<RXFDQDOVRVHWWKHWLPHPDQXDOO\HJLI
WKHUHLVQR*36UHFHSWLRQRUWKHUHFHSWLRQ
LVLQVXIILFLHQW+RZHYHUWKHWLPHWKDW\RX
HQWHUZLOOEHRYHUZULWWHQZKHQWKHUHLV*36
UHFHSWLRQ7KHWLPH]RQHDQGVXPPHUWLPH
VHWWLQJVDUHQRWFKDQJHG
&DOOLQJXSWKH7LPHHQWU\PHQX
3UHVV
([WUDV
LQWKHPDLQPHQX
SDJH
3UHVV
2SWLRQV
LQWKHPHQX
7KH*HQHUDOVHWWLQJVPHQXDSSHDUV
3UHVV
&ORFNVHWWLQJV
6HWWLQJWKHWLPH
7KHWLPHLVVKRZQLQWKHVWDWXVEDULQWKH
UDGLRGLVSOD\
&DOOXSWKH7LPHHQWU\PHQX
SDJH
3UHVV
(GLWWLPH
3UHVVWKHDYDLODEOHQXPEHUVVKRZQLQ
ZKLWHRQHDIWHUDQRWKHU
7KHFRORQEHWZHHQWKHKRXUVDQGPLQXWHV
LVHQWHUHGDXWRPDWLFDOO\
3UHVV
2.
7KHVHWWLQJLVDFFHSWHGDQGWKH7LPH
HQWU\PHQXDSSHDUV
6HWWLQJWKHWLPHIRUPDW
<RXFDQVHWKRXURUKRXU$030IRU
PDW
&DOOXSWKH7LPHHQWU\PHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
KRXU
PRGH
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
KRXUPRGH
7KHHQWU\RQWKHULJKWEHVLGH
KRXU
PRGH
FKDQJHV
6HWWLQJWKHWLPH]RQH
&DOOXSWKH7LPHHQWU\PHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
7LPH
]RQH
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
7LPH]RQH
$OLVWDSSHDUVIRUWKHVHOHFWLRQRIWKH
WLPH]RQH7KHFXUUHQWO\VHOHFWHGWLPH
]RQHLVLGHQWLILHGE\WKHsV\PERO
 !!VPDUWKLJKOLQHUDGLR
3UHVV<RU=WRVFUROOLQWKHOLVW
6HOHFWWKHGHVLUHGWLPH]RQH
7KHsV\PEROLQGLFDWHVWKHFXUUHQWO\
VHWWLPH]RQH
6HWWLQJVXPPHUWLPH
,IQRVXPPHUWLPHFRQYHUVLRQWDNHVSODFH
LQWKHWLPH]RQHVHOHFWHGWKLVPHQXLWHP
LVQRWDYDLODEOH
&DOOXSWKH7LPHHQWU\PHQX
SDJH
3UHVV
6XPPHUWLPH
'HSHQGLQJRQWKHSUHYLRXVVWDWXVVXP
PHUWLPHLVVZLWFKHGRQsRURIIS
6\VWHPVHWWLQJV
&DOOLQJXSWKH6\VWHPVHWWLQJVPHQX
3UHVV
([WUDV
LQWKHPDLQPHQX
SDJH
3UHVV
2SWLRQV
LQWKH([WUDVPHQX
7KH*HQHUDOVHWWLQJVPHQXDSSHDUV
3UHVV
6\VWHPVHWWLQJV
,QFUHDVLQJWKHYROXPHIRUDXGLR$8;
,QVRPHFDVHVWKHYROXPHRIWKHH[WHUQDO
DXGLRGHYLFHPD\EHTXLHWHURUORXGHURU
WKHXVXDOPD[LPXPSRVVLEOHYROXPHPD\EH
ORZHU2QVRPHGHYLFHVLWLVSRVVLEOHWR
DGMXVWWKHYROXPHVHSDUDWHO\,QWKLVFDVH
VWDUWDWDPHGLXPYROXPHDQGLQFUHDVHLW
JUDGXDOO\7KLVHQDEOHV\RXWRGHWHUPLQH
ZKHWKHUWKHV\VWHPLVDEOHWRSOD\WKHPXVLF
DWKLJKYROXPHZLWKRXWGLVWRUWLQJLW
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
3UHVV
$X[LOLDU\JDLQ
LQWKHPHQX
7KHOHYHOOHYHOYDOXHRQWKHULJKW
EHVLGHWKHHQWU\FKDQJHV<RXFDQVHOHFW
OHYHOQRYROXPHLQFUHDVHRU
6HWWLQJWKHODQJXDJH
<RXFDQXVHWKLVIXQFWLRQWRGHWHUPLQHWKH
ODQJXDJHIRUWKHPHQXGLVSOD\VDQGWKHQDY
LJDWLRQDQQRXQFHPHQWV7KHVHOHFWHGODQ
JXDJHDIIHFWVWKHFKDUDFWHUVDYDLODEOHIRU
HQWU\:KHQ\RXVHWWKHV\VWHPODQJXDJHWKH
ODQJXDJHIRUWKHYRLFHFRQWUROV\VWHP
FKDQJHVDWWKHVDPHWLPHSDJH,I
WKHYRLFHFRQWUROV\VWHPGRHVQRWVXSSRUW
WKLVODQJXDJHYRLFHFRPPDQGVDUHQRWSRV
VLEOH
!!VPDUWKLJKOLQHUDGLR 
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
/DQJXDJH
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
/DQJXDJH
7KHOLVWRIODQJXDJHVDSSHDUV7KHFXU
UHQWO\VHOHFWHGODQJXDJHLVLGHQWLILHG
E\WKHsV\PERO
3UHVV<RU=WRVFUROOLQWKHOLVW
6HOHFWWKHGHVLUHGODQJXDJH
7KHVPDUWKLJKOLQHUDGLRORDGVWKHODQ
JXDJHDQGVZLWFKHVEDFNWRWKH6\VWHP
VHWWLQJVPHQX
6HOHFWLQJDNH\ERDUG
7KHNH\ERDUGVHOHFWLRQDIIHFWVWKHVHOHF
WLRQRSWLRQVLQWKHLQSXWPHQXVNH\ERDUG
OD\RXWVSHFLDOFKDUDFWHUHQWU\
<RXFDQVHOHFWWKHIROORZLQJNH\ERDUGVHW
WLQJV
=$OSKDEHWLFDO
=*HUPDQ*HUPDQ4:(57=FRPSXWHUNH\
ERDUG
=(QJOLVK8.
=)UHQFK
=&\ULOOLF
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
.H\ERDUG
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
.H\ERDUG
$OLVWDSSHDUV
6HOHFWWKHGHVLUHGNH\ERDUG
7KHVPDUWKLJKOLQHUDGLRORDGVWKHNH\
ERDUGDQGVZLWFKHVEDFNWRWKH6\VWHP
VHWWLQJVPHQX
6HWWLQJWKHVWDQGE\WLPH
7KHVPDUWKLJKOLQHUDGLRXVHVOHVVSRZHU
LQVWDQGE\PRGHHQHUJ\VDYLQJRSHUDWLQJ
PRGH
7KHVPDUWKLJKOLQHUDGLRVZLWFKHVWR
VWDQGE\PRGHDIWHULWKDVEHHQVZLWFKHG
RII,QWKLVPRGHWKHGHYLFHLVUHDG\IRU
XVHTXLFNO\DIWHUEHLQJVZLWFKHGRQDJDLQ
6WDQGE\PRGHLVWHUPLQDWHGDIWHUDGHILQHG
WLPHSHULRGVWDQGE\WLPH7KHGHYLFHLV
WKHQVZLWFKHGRII<RXFDQVHWWKHVWDQGE\
WLPHLQGLYLGXDOO\
G7KHVWDQGE\WLPHLVSUHVHWWRK6HW
WLQJDORZVWDQGE\WLPHLVUHFRPPHQGHG
IRUH[DPSOHZKHQWKHEDWWHU\FKDUJHLV
ORZ
,IWKHVPDUWKLJKOLQHUDGLRLVRSHUDWHG
ZKLOHWKHHQJLQHLVVZLWFKHGRIIWKH
GHYLFHDOVRJRHVLQWRVWDQGE\PRGHDIWHU
PLQXWHV<RXZLOOVHHDZDUQLQJPHV
VDJHWRWKLVHIIHFW
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
7KHHQWU\RQWKHULJKWEHVLGH
6WDQGE\
WLPH
VKRZVWKHFXUUHQWVHWWLQJ
3UHVV
6WDQGE\WLPH
LQWKHPHQX
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRDGMXVWWKHVWDQGE\
WLPH<RXFDQVHOHFWYDOXHVEHWZHHQDQG
K
3UHVV
2.
7KHVPDUWKLJKOLQHUDGLRDFFHSWVWKH
YDOXHDQGVZLWFKHVEDFNWRWKH6\VWHP
VHWWLQJVPHQX
&KDQJLQJWKHVHFXULW\FRGH
(QWHULQJDIRXUGLJLWVHFXULW\FRGHVHUYHV
WRSURWHFWDJDLQVWWKHIW7KHVHFXULW\FRGH
PXVWEHHQWHUHGDIWHUGLVFRQQHFWLQJWKH
EDWWHU\IRUH[DPSOH
7KHVHFXULW\FRGHLVVHWWRDWWKH
IDFWRU\,WLVUHFRPPHQGHGWKDW\RXFKDQJH
WKHVHFXULW\FRGH
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
3UHVV
6HFXULW\FRGH
$QLQSXWPHQXDSSHDUVIRUWKHHQWU\RIWKH
FXUUHQWVHFXULW\FRGH
7RHQWHUWKHFXUUHQWROGFRGHSUHVVWKH
QXPEHUVRQHDIWHUDQRWKHU
 !!VPDUWKLJKOLQHUDGLR
3UHVV
2.
WRFRQILUPWKHHQWU\
$QLQSXWPHQXDSSHDUVIRUWKHHQWU\RIWKH
QHZVHFXULW\FRGH
7RHQWHUWKHQHZFRGHSUHVVWKHQXPEHUV
RQHDIWHUDQRWKHU
3UHVV
2.
WRFRQILUPWKHHQWU\
7KH
3OHDVHFRQILUPDJDLQ
HQWU\SURPSW
DSSHDUV
7RFRQILUPWKHQHZFRGHHQWHUWKHQHZ
FRGHDJDLQDQGSUHVV
2.
7KH
1HZFRGHVDYHG
PHVVDJHDSSHDUV
7KHQHZVHFXULW\FRGHLVUHTXHVWHGZKHQ
WKHVPDUWKLJKOLQHUDGLRLVVZLWFKHGRQ
DJDLQ
&DOLEUDWLQJWKHWRXFKVFUHHQ
7KHWRXFKVFUHHQLVFDOLEUDWHGEHIRUH
GHOLYHU\5HFDOLEUDWHLWLILWQRORQJHU
UHVSRQGVSUHFLVHO\WR\RXUHQWULHV
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
3UHVV
7RXFKFDOLEUDWLRQ
$QHQWU\SURPSWLVVKRZQ
3UHVVWKHFURVV
7KHFURVVPRYHVDFURVVWKHVFUHHQ
5HSHDWWKLVDFWLRQXQWLOWKH6\VWHPVHW
WLQJVPHQXDSSHDUV
/RDGLQJWKHIDFWRU\VHWWLQJV
<RXFDQUHVHWWKHVPDUWKLJKOLQHUDGLRWR
WKHIDFWRU\VHWWLQJVDVGHOLYHUHGVWDWH
$PRQJVWRWKHUWKLQJVWKLVZLOOGHOHWHDOO
SHUVRQDOGDWDHJVWDWLRQSUHVHWVHQWULHV
LQWKHGHVWLQDWLRQPHPRU\DQGLQWKHOLVW
RISUHYLRXVGHVWLQDWLRQVLQWKHQDYLJDWLRQ
V\VWHPSKRQHERRNHQWULHV5HVHWWLQJLV
UHFRPPHQGHGEHIRUHKDQGLQJRYHURUVHOO
LQJWKHYHKLFOHIRUH[DPSOH
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
3UHVV
)DFWRU\VHWWLQJV
7KH
3OHDVHFRQILUPWRORDGWKHIDFњ
WRU\VHWWLQJV
HQWU\SURPSWDSSHDUV
3UHVV
2.
7RFDQFHOWKHIDFWRU\VHWWLQJVUHVHW
SUHVVB
'LVSOD\LQJSURGXFWLQIRUPDWLRQ
3URGXFWLQIRUPDWLRQLQFOXGHV
=WKHVHULDOQXPEHU
=WKHVRIWZDUHSDFNDJHQXPEHU
=WKH'LY;UHJLVWUDWLRQFRGHZLWKWKH
LQWHUQHWDGGUHVVHQDEOHVGRZQORDGLQJ
RIILOPVLQ'LY;IRUPDW
G7KHVHULDOQXPEHUFDQEHXVHGWRLGHQ
WLI\WKHVPDUWKLJKOLQHUDGLRXQDPELJ
XRXVO\
&DOOXSWKH6\VWHPVHWWLQJVPHQX
SDJH
3UHVV
3URGXFWLQIRUPDWLRQ
!!VPDUWKLJKOLQHUDGLR 
1DYLJDWLRQV\VWHP
,QWURGXFWLRQ
6DIHW\QRWHV
5LVNRIDFFLGHQW
)RUVDIHW\UHDVRQVRQO\HQWHUDQHZGHVWL
QDWLRQZKHQWKHYHKLFOHLVVWDWLRQDU\<RX
PD\RWKHUZLVHEHGLVWUDFWHGIURPWKHWUDI
ILFFRQGLWLRQVFDXVHDQDFFLGHQWDQG
LQMXUH\RXUVHOIDQGRWKHUV
7KHGHYLFHFDOFXODWHVWKHURXWHWRWKHGHV
WLQDWLRQZLWKRXWWDNLQJDFFRXQWRIWKHIRO
ORZLQJIRUH[DPSOH
=7UDIILFOLJKWV
=VWRSDQGJLYHZD\VLJQV
=3DUNLQJRUVWRSSLQJUHVWULFWLRQV
=5RDGQDUURZLQJ
=2WKHUURDGDQGWUDIILFUXOHVDQGUHJXOD
WLRQV
7KHGHYLFHPD\JLYHLQFRUUHFWQDYLJDWLRQ
FRPPDQGVLIWKHVXUURXQGLQJVGRQRWFRU
UHVSRQGWRWKHGDWDRQWKHGLJLWDOPDS)RU
H[DPSOHDURXWHPD\KDYHEHHQGLYHUWHGRU
WKHGLUHFWLRQRIDRQHZD\VWUHHWPD\KDYH
FKDQJHG
)RUWKLVUHDVRQ\RXPXVWDOZD\VREVHUYH
URDGDQGWUDIILFUXOHVDQGUHJXODWLRQVGXU
LQJ\RXUMRXUQH\5RDGDQGWUDIILFUXOHVDQG
UHJXODWLRQVDOZD\VKDYHSULRULW\RYHUWKH
V\VWHPVGULYLQJUHFRPPHQGDWLRQV
*HQHUDOQRWHV
2SHUDWLRQDOUHDGLQHVVRIWKHQDYLJDWLRQ
V\VWHP
7KHQDYLJDWLRQV\VWHPPXVWGHWHUPLQHWKH
SRVLWLRQRIWKHYHKLFOHEHIRUHILUVWXVHRU
ZKHQHYHURSHUDWLRQDOVWDWXVLVUHVWRUHG
7KHUHIRUH\RXPD\KDYHWRGULYHIRUDZKLOH
EHIRUHWKHSRVLWLRQRIWKHYHKLFOHFDQEH
GHWHUPLQHGSUHFLVHO\
*36UHFHSWLRQ
&RUUHFWIXQFWLRQLQJRIWKHQDYLJDWLRQV\V
WHPGHSHQGVDPRQJVWRWKHUWKLQJVRQ*36
UHFHSWLRQ,QFHUWDLQVLWXDWLRQV*36
UHFHSWLRQPD\EHLPSDLUHGWKHUHPD\EH
LQWHUIHUHQFHRUWKHUHPD\EHQRUHFHSWLRQ
DWDOOHJLQWXQQHOVRUPXOWLVWRUH\FDU
SDUNV
$YDLODEOHXQDYDLODEOHIXQFWLRQV
)XQFWLRQVWKDWDUHFXUUHQWO\DYDLODEOHDUH
KLJKOLJKWHGIXQFWLRQVWKDWDUHFXUUHQWO\
XQDYDLODEOHDUHJUH\HGRXW
6ZLWFKLQJQDYLJDWLRQPRGHRQRII
6ZLWFKLQJRQQDYLJDWLRQPRGH
7RVZLWFKRQQDYLJDWLRQPRGHSUHVVWKH
EXWWRQ
7KHPDLQPHQXDSSHDUV
3UHVV
1DYLJDWLRQ
<RXZLOOVHHWKHQDYLJDWLRQVWDUWVFUHHQ
7KH
3OHDVHIROORZWUDIILFUHJXODњ
WLRQV'RQRWRSHUDWHDQ\IXQFWLRQ
ZKLOHGULYLQJ
QRWHWKHQDSSHDUV
3UHVV
2.
DQGFRQILUPWKHQRWH
2SWLRQWKH
:RXOG\RXOLNHWRVWDUW
LQ(DV\RU([SHUWPRGH"
SURPSWDSSHDUV
ZKHQWKHQDYLJDWLRQLVVZLWFKHGRQIRUWKH
ILUVWWLPH
(DV\PRGHPDNHVWKHEDVLFIXQFWLRQVIRU
VHWWLQJVGHVWLQDWLRQHQWU\DQGURXWH
JXLGDQFHSRVVLEOH
 !!VPDUWKLJKOLQHUDGLR
([SHUWPRGHPDNHVDGGLWLRQIXQFWLRQVSRV
VLEOHVXFKDV
=VSHFLDOGHVWLQDWLRQHQWU\
=DOWHUQDWLYHURXWHV
=GLVSOD\LQJWKHPD[LPXPSHUPLVVLEOH
VSHHGRQWKHPDSDQGDZDUQLQJWRQHLI
WKLVLVH[FHHGHG
=VHWWLQJVIRUWUDIILFMDPDYRLGDQFH
=URXWHSORWWLQJ*36WUDFN
3UHVV
(DV\
RU
([SHUW
7KH1DYLJDWLRQPDLQPHQXLVVKRZQLQ
WKH(DV\RU([SHUWPRGH<RXFDQVZLWFK
EHWZHHQWKH(DV\DQG([SHUWPRGH
SDJH
2SWLRQWKHQDYLJDWLRQV\VWHPVKRZVWKH
GLVSOD\WKDWZDVOHIWEHIRUHVZLWFKLQJRII
1DYLJDWLRQPDLQPHQX
([DPSOH([SHUWPRGH
'HDFWLYDWLQJQDYLJDWLRQPRGH
3UHVVeDWWKHWRSULJKWRIWKHQDYLJD
WLRQPHQX
!!VPDUWKLJKOLQHUDGLR 
%DVLFVHWWLQJV
(DV\DQG([SHUWPRGHV
,QWURGXFWLRQ
<RXFDQVHOHFW(DV\RU([SHUWPRGHZKHQVZLWFKLQJQDYLJDWLRQRQSDJHRUVZLWFK
EHWZHHQWKHWZRPRGHVLQWKH6HWWLQJVPHQX
(DV\([SHUWPRGHRYHUYLHZ
)XQFWLRQ (DV\PRGH ([SHUWPRGH
1DYLJDWLRQ
PDLQPHQX
=(QWHULQJDQDGGUHVV
=3UHYLRXVWRZQV
=)DYRXULWHVGHVWLQDWLRQ
PHPRU\
=(QWHULQJDQDGGUHVV
=3UHYLRXVWRZQV
=)DYRXULWHVGHVWLQDWLRQPHPRU\
=&KDQJLQJWKHURXWH
=5RXWHLQIRUPDWLRQ
=6SHFLDOGHVWLQDWLRQV
6HWWLQJVPHQX =5RXWHRSWLRQV
='LVSOD\
=3URJUDPPHVHWWLQJV
=9RLFHRXWSXW
=5RXWHRSWLRQVDGGLWLRQDOO\URXWH
W\SHDOWHUQDWLYHURXWHVWUDIILF
MDPDYRLGDQFH
='LVSOD\DGGLWLRQDOO\MXQFWLRQ
]RRPPDSFRORXUV
=3URJUDPVHWWLQJVDGGLWLRQDOO\
GLVSOD\LQJWKHVSHHGOLPLWRQWKH
PDSURXWHUHFRUGLQJ
=9RLFHRXWSXW
=6SHFLDOGHVWLQDWLRQVRQWKHPDS
5RXWHFDOFXODWLRQ =6WDQGDUGURXWH =6WDQGDUGURXWHDQGDOWHUQDWLYH
URXWHV
5RXWHJXLGDQFH =5RXWHJXLGDQFHIXQF
WLRQV
=5RXWHJXLGDQFHIXQFWLRQV
=4XLFNPHQXDOORZVIDVWDFFHVVWR
VL[LQGLYLGXDOO\VHOHFWDEOHIXQF
WLRQV
=3ORWWLQJWKH*36WUDFN
6HWWLQJ(DV\([SHUWPRGH
2SWLRQVHOHFWWKHPRGHZKHQWKH
:RXOG
\RXOLNHWRVWDUWLQ(DV\RU
([SHUWPRGH"
SURPSWLVVKRZQZKHQ
VZLWFKLQJWKHQDYLJDWLRQRQIRUWKHILUVW
WLPH
2SWLRQSUHVVWKHV\PERODWWKH
ERWWRPULJKWRIWKH1DYLJDWLRQPDLQ
PHQXSDJH
7KH6HWWLQJVPHQXDSSHDUV
 !!VPDUWKLJKOLQHUDGLR
6HWWLQJVPHQXH[DPSOH([SHUWPRGH
'HSHQGLQJRQWKHFXUUHQWPRGHSUHVV
(DV\
RU
([SHUW
6HWWLQJWKHURXWHRSWLRQVDQGURXWHW\SH
1RWH
7KHURXWHRSWLRQVDQGURXWHW\SH([SHUW
PRGHGHWHUPLQHWKHURXWHFDOFXODWLRQ
7RVHWURXWHRSWLRQV
3UHVV
5RXWHRSWLRQV
LQWKH6HWWLQJV
PHQX
'HSHQGLQJRQWKHPRGHVHOHFWHGWKH
DYDLODEOHURXWHRSWLRQVDUHVKRZQ
(DV\PRGH\RXFDQXVHDYRLGPRWRUZD\V
WROOURDGVDQGIHUULHVVWDQGDUGURXWH
([SHUWPRGHLQDGGLWLRQWRWKHVWDQGDUG
URXWHWKHUHDUHWZRDOWHUQDWLYHURXWHV
DYDLODEOHIRUURXWHFDOFXODWLRQ<RXFDQ
XVHDYRLGPRWRUZD\VWROOURDGVDQGIHU
ULHVDVZHOODVVHWWKHURXWHW\SHDQG
VHOHFWWUDIILFMDPDYRLGDQFH
(DV\PRGHSUHVVRQHRIWKHURXWH
RSWLRQV
'HSHQGLQJRQWKHSUHYLRXVVHWWLQJXVH
RUDYRLGWKHURXWHRSWLRQV
3UHVVBWRUHWXUQWRWKH6HWWLQJV
PHQX
RU
([SHUWPRGHSUHVV
6WDQGDUG

$OWHUQDњ
WLYH
RU
$OWHUQDWLYH
7KHURXWHRSWLRQVDSSHDU
3UHVVRQHRIWKHURXWHRSWLRQV
'HSHQGLQJRQWKHSUHYLRXVVHWWLQJXVH
RUDYRLGWKHURXWHRSWLRQV
5RXWHRSWLRQVPHQXH[DPSOH([SHUWPRGH
6HWWLQJWKHURXWHW\SH([SHUWPRGH
3UHVV
5RXWHW\SH
3UHVV
VKRUW

IDVW
RU
HFRQRPLF
3UHVVBWZLFHWRUHWXUQWRWKH6HW
WLQJVPHQX
<RXFDQVHWWKHIROORZLQJURXWHW\SHV
=
6KRUWURXWH
WKHGHYLFHFDOFXODWHVD
URXWHZLWKWKHVKRUWHVWSRVVLEOHPLQL
PLVHGGLVWDQFH
=
)DVWURXWH
WKHGHYLFHFDOFXODWHVD
URXWHZLWKWKHVKRUWHVWSRVVLEOHPLQL
PLVHGGULYLQJWLPH
=
(FRQRPLFURXWH
WKHHFRQRPLFDOURXWH
LVDQRSWLPLVHGPL[RIWKHVKRUWDQGIDVW
URXWHV
G7UDIILFMDPDYRLGDQFHLVGHVFULEHGLQ
WKHVHFWLRQZLWKWKHVDPHQDPH
SDJH
'HVWLQDWLRQHQWU\
,QWURGXFWLRQWRGHVWLQDWLRQHQWU\
5LVNRIDFFLGHQW
)RUVDIHW\UHDVRQVRQO\HQWHUDQHZGHVWL
QDWLRQZKHQWKHYHKLFOHLVVWDWLRQDU\<RX
!!VPDUWKLJKOLQHUDGLR 
FRXOGRWKHUZLVHEHGLVWUDFWHGIURPWKH
WUDIILFFRQGLWLRQVFDXVHDQDFFLGHQWDQG
LQMXUH\RXUVHOIDQGRWKHUV
7KHIROORZLQJGHVWLQDWLRQHQWU\RSWLRQV
DUHDYDLODEOH
=HQWHULQJDGHVWLQDWLRQE\DGGUHVV
=HQWHULQJDGHVWLQDWLRQDVJHRFRRUGL
QDWHV
=HQWHULQJDGHVWLQDWLRQIURPWKHSUHYLRXV
WRZQV
=HQWHULQJDGHVWLQDWLRQIURPWKHIDYRXU
LWHVGHVWLQDWLRQPHPRU\
=HQWHULQJDGHVWLQDWLRQXVLQJWKHPDS
=HQWHULQJDVSHFLDOGHVWLQDWLRQ
=FRPSLOLQJDURXWHZLWKPXOWLSOHGHVWL
QDWLRQV
(QWHULQJDGHVWLQDWLRQE\DGGUHVV
,QWURGXFWLRQ
:KHQHQWHULQJDQDGGUHVVDVWKHGHVWLQD
WLRQ\RXKDYHWKHIROORZLQJRSWLRQV
=HQWHULQJWKHFRXQWU\WRZQSRVWFRGHDQG
KRXVHQXPEHU
=HQWHULQJWKHFRXQWU\WRZQSRVWFRGHDQG
VWUHHW
=HQWHULQJWKHFRXQWU\WRZQSRVWFRGH
VWUHHWDQGMXQFWLRQ
=HQWHULQJWKHFRXQWU\WRZQSRVWFRGHDQG
FHQWUH
=HQWHULQJWKHFRXQWU\WRZQSRVWFRGHDQG
VSHFLDOGHVWLQDWLRQV
=HQWHULQJWKHFRXQWU\WRZQSRVWFRGH
&RXQWU\DQGWRZQSRVWFRGHDUHVXIILFLHQW
WRVWDUWQDYLJDWLQJ<RXFDQHQWHUHLWKHUD
WRZQRUDSRVWFRGH%\HQWHULQJIXUWKHU
DGGUHVVGDWDVXFKDVWKHVWUHHWDQGKRXVH
QXPEHU\RXFDQVSHFLI\WKHGHVWLQDWLRQ
PRUHSUHFLVHO\
G1RWHWKDW\RXFDQRQO\HQWHUDVWUHHW
KRXVHQXPEHUMXQFWLRQHWFRQFH\RX
KDYHHQWHUHGDFRXQWU\DQGDWRZQRUSRVW
FRGH
G<RXFDQRQO\HQWHUWKRVHWRZQVVWUHHWV
SRVWFRGHVHWFWKDWDUHVWRUHGLQWKHGLJ
LWDOPDS7KLVPHDQVWKDWIRUVRPHFRXQ
WULHV\RXFDQQRWHQWHUSRVWFRGHVIRU
H[DPSOH
([DPSOHHQWHULQJDQDGGUHVV
7KHIROORZLQJLVDVWHSE\VWHSH[DPSOHRI
KRZWRHQWHUDQDGGUHVVLQH[SHUWPRGH7KH
GHVWLQDWLRQDGGUHVVLVDVIROORZV
*HUPDQ\
%HUOLQ
8QWHUGHQ/LQGHQ)ULHGULFKVWUDHFRUQHU
<RXFDQRIFRXUVHHQWHUDQ\FRXQWU\WRZQ
VWUHHWDQGKRXVHQXPEHUGHVLUHGDQGHQWHU
IRUH[DPSOH\RXUKRPHDGGUHVV0\
DGGUHVV
&DOOLQJXSWKHDGGUHVVHQWU\PHQX
&DOOXSWKH1DYLJDWLRQPDLQPHQX
SDJH
3UHVV
(QWHUDGGUHVV
7KH(QWHULQJDQHZGHVWLQDWLRQPHQX
DSSHDUV
(QWHULQJDQHZGHVWLQDWLRQPHQX
F6HOHFWLQJWKHFRXQWU\
G(QWHULQJDSRVWFRGH
(QWHUWRZQ
(QWHULQJDVWUHHWQDPH
(QWHULQJJHRFRRUGLQDWHV([SHUW
PRGH
 !!VPDUWKLJKOLQHUDGLR
6HOHFWLQJWKHFRXQWU\
3UHVVWKHFRXQWU\HQWU\LQWKH(QWHULQJ
DQHZGHVWLQDWLRQPHQXSDJH
HJ
*HUPDQ\
<RXVHHWKHFRXQWU\OLVW
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVVWKHGHVLUHGFRXQWU\
7KHFRXQWU\LVVHOHFWHGDQGLVQRZ
HQWHUHGLQWKH(QWHULQJDQHZGHVWLQD
WLRQPHQX
(QWHUWRZQ
3UHVVWKHWRZQHQWU\LQWKH(QWHULQJD
QHZGHVWLQDWLRQPHQXSDJH
7KHLQSXWPHQXIRUWKHWRZQDSSHDUV
2SWLRQ
(QWHU
%
7KHUHLVDGHVFULSWLRQRIKRZWR
HQWHUFKDUDFWHUVLQWKH(QWHULQJFKDU
DFWHUVLQQDYLJDWLRQVHFWLRQ
SDJH
$VVRRQDVWKHOHWWHUKDVEHHQHQWHUHG
WKHWKUHHODUJHVWWRZQVIRXQGFDQEH
VHOHFWHG
G<RXFDQVHWWKHNH\ERDUGSDJH
3UHVV
[[[[%HUOLQ
<RXFDQQRZHQWHUWKHVWUHHW
2SWLRQ
(QWHU
%
$VVRRQDVWKHOHWWHUKDVEHHQHQWHUHG
0RUHKLWV
FDQEHVHOHFWHG
3UHVV
0RUHKLWV
$OLVWVKRZVWKHILUVWWKUHHODUJHVWWRZQV
WKDWPDWFKWKHHQWU\DQGWKHQVKRZVDOO
RWKHUHQWULHVLQDOSKDEHWLFDORUGHU7KH
WRZQVDUHVKRZQRQWKHOHIWKDQGVLGHRI
WKHPDS
3UHVV
+LGHPDS
WRRQO\VKRZWKHOLVW
3UHVV
'LVSOD\RQPDS
WRVKRZWKHPDS
DQGWKHOLVW
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVV
[[[[%HUOLQ
<RXFDQQRZHQWHUWKHVWUHHW
(QWHULQJDVWUHHWQDPH
G7KHPHQXDOVRDSSHDUVLI\RXSUHVVWKH
VWUHHWHQWU\LQWKH(QWHULQJDQHZGHV
WLQDWLRQPHQXSDJH
2SWLRQ
(QWHU
817
7KHUHLVDGHVFULSWLRQRIKRZ
WRHQWHUFKDUDFWHUVLQWKH(QWHULQJ
!!VPDUWKLJKOLQHUDGLR 
FKDUDFWHUVLQQDYLJDWLRQVHFWLRQ
SDJH
$IWHUHQWHULQJ
817
WKHGHVLUHGVWUHHWLV
VKRZQLQWKHILUVWWKUHHHQWULHV
3UHVV
8QWHUGHQ/LQGHQ
<RXFDQQRZHQWHUDKRXVHQXPEHURUD
MXQFWLRQ
2SWLRQ
(QWHU
817
3UHVV
0RUHKLWV
DQGVHOHFW
8QWHUGHQ
/LQGHQ
IURPWKHOLVW
<RXFDQQRZHQWHUDKRXVHQXPEHURUD
MXQFWLRQ
)XUWKHUHQWU\RSWLRQVLPPHGLDWHO\DIWHU
FDOOLQJXSWKHPHQX
6HOHFWLRQ )XQFWLRQ
%HUOLQ&HQWUH
6HWVWKHGHVWLQDWLRQWR
WKHWRZQFHQWUHDQG
FDOOVXSWKH'HWDLOHG
LQIRUPDWLRQPHQX
SDJH
3RLQWVRI
LQWHUHVW
(QWHUDVSHFLDOGHV
WLQDWLRQ
SDJH
(QWHUDMXQFWLRQQDPH
3UHVV
&URVVURDGV
LQWKH(QWHULQJD
KRXVHQXPEHUPHQX
7KHLQSXWPHQXIRUWKHMXQFWLRQDSSHDUV
7KHILUVWWKUHHVLGHVWUHHWVWKDWFDQEH
VHOHFWHGDUHVKRZQLQDOSKDEHWLFDO
RUGHU
2SWLRQ
(QWHU
)
,QVWUXFWLRQVIRUHQWHULQJFKDU
DFWHUVXVLQJVWUHHWLQSXWDVDQH[DPSOH
FDQEHIRXQGLQWKH(QWHULQJFKDUDFWHUV
LQQDYLJDWLRQPRGHVHFWLRQSDJH
3UHVV
)ULHGULFKVWUD¢H
7KHDGGUHVVLVQRZFRPSOHWHDQGWKH
'HWDLOHGLQIRUPDWLRQPHQXDSSHDUV
2SWLRQ
(QWHU
)
3UHVV
0RUHKLWV
DQGVHOHFW
)ULHGULFKњ
VWUD¢H
IURPWKHOLVW
7KHDGGUHVVLVQRZFRPSOHWHDQGWKH
'HWDLOHGLQIRUPDWLRQPHQXDSSHDUV
'HWDLOHGLQIRUPDWLRQPHQX
7KHPHQXVKRZVWKHDGGUHVVHQWHUHGDQGWKH
GHVWLQDWLRQRQWKHPDSF
 !!VPDUWKLJKOLQHUDGLR
%HIRUHFDOFXODWLQJWKHURXWHWRWKHGHVWL
QDWLRQHQWHUHG\RXFDQ
=VWRUHWKHDGGUHVVDV\RXUKRPHDGGUHVV
SDJH
=VWRUHWKHDGGUHVVDVDIDYRXULWH
SDJH
=YLHZWKHGHVWLQDWLRQRQWKHPDS
SDJH
=FKHFNFKDQJHWKHURXWHRSWLRQVIRUWKH
DGGUHVVSDJH
(QWHULQJDQGVWRULQJ\RXUKRPHDGGUHVV
<RXFDQHLWKHUHQWHU\RXUKRPHDGGUHVVIRU
WKHILUVWWLPHRSWLRQRUHGLWDSUHYL
RXVO\VWRUHGKRPHDGGUHVVRSWLRQ
2SWLRQHQWHUWKHDGGUHVVHJDWRZQ
VWUHHWDQGMXQFWLRQ
$IWHUHQWHULQJWKHDGGUHVVSUHVV
$V
KRPHDGGUHVV
LQWKH'HWDLOHGLQIRUPD
WLRQPHQX
$QLQSXWPHQXDSSHDUV
G<RXFDQVHWWKHNH\ERDUGSDJH
(QWHUDQDPHIRUWKHKRPHDGGUHVV
,QVWUXFWLRQVIRUHQWHULQJFKDUDFWHUV
XVLQJVWUHHWLQSXWDVDQH[DPSOHFDQEH
IRXQGLQWKH(QWHULQJFKDUDFWHUVLQQDY
LJDWLRQPRGHVHFWLRQSDJH
3UHVV
2.
7KHGHVWLQDWLRQLVVWRUHGDVWKHKRPH
DGGUHVVLQWKHIDYRXULWHVXQGHUWKHQDPH
HQWHUHGSDJH
2SWLRQSURFHHGDVGHVFULEHGXQGHU
2SWLRQ
7KH
$IDYRXULWHZLWKWKLVQDPH
DOUHDG\H[LVWV'R\RXZDQWWR
UHSODFHWKLVILOH"
PHVVDJHDSSHDUV
3UHVV
2.
LI\RXZDQWWRRYHUZULWHWKHKRPH
DGGUHVV
,I\RXGRQRWZDQWWRRYHUZULWHWKHKRPH
DGGUHVVSUHVVB
9LHZLQJWKHGHVWLQDWLRQRQWKHPDS
3UHVVRQWKHPDS
7RUHWXUQWRWKH'HWDLOHGLQIRUPDWLRQ
PHQXSUHVVB
&DOFXODWLQJWKHURXWH
&KHFNLQJFKDQJLQJURXWHRSWLRQV
7KH'HWDLOHGLQIRUPDWLRQPHQXDSSHDUV
DIWHUWKHDGGUHVVKDVEHHQHQWHUHG%HIRUH
VWDUWLQJWKHURXWHFDOFXODWLRQ\RXFDQ
FKHFNDQGFKDQJHWKHURXWHRSWLRQV
3UHVVWKHV\PERODWWKHERWWRPULJKWRI
WKH'HWDLOHGLQIRUPDWLRQPHQX
SDJH
7KH5RXWHRSWLRQVPHQXDSSHDUV
SDJHDQGVKRZVWKHFXUUHQWVHW
WLQJV
&KDQJLQJWKHURXWHRSWLRQV
3UHVVBWRUHWXUQWRWKH'HWDLOHG
LQIRUPDWLRQPHQX
&DOFXODWLQJWKHURXWH
3UHVV
2.
LQWKH'HWDLOHGLQIRUPDWLRQ
PHQXSDJH
7KHURXWHWRWKHGHVWLQDWLRQLVFDOFXOD
WHGXVLQJWKHVHOHFWHGURXWHRSWLRQV
$IWHUWKHURXWHKDVEHHQFDOFXODWHG\RX
ZLOOKHDU
5RXWHFDOFXODWLRQFRPSOHњ
WHG
7KHPDSVKRZV
=WKHGHVWLQDWLRQDGGUHVVDWWKHWRS
=WKHURXWHDVDEOXHOLQH
=WKHVHOHFWHGURXWHRSWLRQHJVWDQG
DUGZLWKWKHGLVWDQFHDQGH[SHFWHG
MRXUQH\GXUDWLRQWRWKHGHVWLQDWLRQ
!!VPDUWKLJKOLQHUDGLR 
0DSDIWHUURXWHFDOFXODWLRQ([SHUWPRGH
F$GGUHVVHQWHUHG
G5RXWHFDOFXODWHGOLJKWEOXH
6HOHFWHGURXWHRSWLRQ
6HOHFWLRQ )XQFWLRQ
'HVWLQDWLRQ
LQIRUPDWLRQ
&DOOVXSWKH'HWDLOHG
LQIRUPDWLRQPHQX
6WRUHWKHWRZQDVD
IDYRXULWHRUDVWKH
KRPHDGGUHVV
SDJH
&KHFNFKDQJHWKH
URXWHRSWLRQV
SDJH
&DOFXODWH
DOWHUQDWLYHV
([SHUWPRGH
&DOFXODWHVWZRDGGL
WLRQDODOWHUQDWLYH
URXWHV
&DOFXODWLQJDOWHUQDWLYHURXWHV
7KHVPDUWKLJKOLQHUDGLRFDOFXODWHVWZR
DOWHUQDWLYHURXWHVLQ([SHUWPRGHHJ
VKRUWIDVW
3UHVV
&DOFXODWHDOWHUQDWLYHV
7KHDOWHUQDWLYHURXWHVDUHFDOFXODWHG
$IWHUWKHDOWHUQDWLYHURXWHVKDYHEHHQ
FDOFXODWHG\RXZLOOKHDU
5RXWHFDOFXњ
ODWLRQFRPSOHWHG
7KHPDSVKRZVWKHIROORZLQJURXWHVRQWKH
ULJKW
=VWDQGDUGOLJKWEOXH
=DOWHUQDWLYHJUHHQ
=DOWHUQDWLYHOLJKWEURZQ
HDFKZLWKWKHGLVWDQFHDQGH[SHFWHG
MRXUQH\WLPHWRWKHGHVWLQDWLRQ
7RYLHZLQIRUPDWLRQDERXWWKHURXWH
DOWHUQDWLYHURXWH
SUHVVÒ
<RXVHHWKHIROORZLQJLQIRUPDWLRQ
=OHQJWKGLVWDQFH
=MRXUQH\WLPHH[SHFWHG
=DUULYDOWLPHH[SHFWHG
=PRWRUZD\VOHQJWKRIWKHURXWHXVHG
=WROOURDGVOHQJWKRIWKHURXWHXVHG
=IHUULHVOHQJWKRIWKHURXWHXVHG
3UHVVBWRFORVHWKHGLVSOD\
G7KHÒV\PEROLVVKRZQLQUHGLIDURXWH
RSWLRQHJ
$YRLGIHUULHV
WKDWKDV
EHHQVHOHFWHGIRUWKHURXWHGRHVQRWPDNH
VHQVH6HWWKHURXWHRSWLRQVSDJH
7RKLGHWKHDOWHUQDWLYHURXWHVSUHVV
+LGHDOWHUQDWLYHV
7RVWDUWURXWHJXLGDQFHSUHVV
2.
(QWHULQJDSRVWFRGH
3UHVVWKHHQWU\ZLWKWKHSRVWFRGHLQWKH
(QWHULQJDQHZGHVWLQDWLRQPHQX
SDJH
7KHLQSXWPHQXIRUWKHSRVWFRGHDSSHDUV
2SWLRQ
(QWHUDSRVWFRGHHJ

,QVWUXF
WLRQVIRUHQWHULQJFKDUDFWHUVFDQEH
 !!VPDUWKLJKOLQHUDGLR
IRXQGLQWKH(QWHULQJFKDUDFWHUVLQQDY
LJDWLRQPRGHVHFWLRQSDJH
$VVRRQDVWKHILUVWQXPEHUKDVEHHQ
HQWHUHGWKHILUVWWKUHHWRZQVIRXQGFDQ
EHVHOHFWHG
3UHVV
%HUOLQ
<RXFDQQRZHQWHUWKHVWUHHW
2SWLRQ
(QWHUWKHILUVWQXPEHUHJ
$VVRRQDVWKHQXPEHUKDVEHHQHQWHUHG
0RUHKLWV
FDQEHVHOHFWHG
3UHVV
0RUHKLWV
$OLVWVKRZVWKHWKUHHODUJHVWWRZQVWKDW
PDWFKWKHHQWU\DQGWKHQVKRZVDOORWKHU
HQWULHVLQDOSKDEHWLFDORUGHU7KHWRZQV
DUHVKRZQRQWKHOHIWKDQGVLGHRIWKH
PDS
3UHVV
+LGHPDS
WRRQO\VKRZWKHOLVW
3UHVV
'LVSOD\RQPDS
WRVKRZWKHPDS
DQGWKHOLVW
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVV
[[[[%HUOLQ
<RXFDQQRZHQWHUWKHVWUHHW
(QWHUKRXVHQXPEHU
$KRXVHQXPEHUFDQEHHQWHUHGDIWHUWKH
VWUHHWKDVEHHQHQWHUHG
(QWHUDKRXVHQXPEHUHJ

,QVWUXF
WLRQVIRUHQWHULQJFKDUDFWHUVFDQEH
IRXQGLQWKH(QWHULQJFKDUDFWHUVLQQDY
LJDWLRQPRGHVHFWLRQSDJH
$VVRRQDVWKHILUVWQXPEHUKDVEHHQ
HQWHUHGWKHILUVWWKUHHHQWULHVIRXQGFDQ
EHVHOHFWHG
3UHVV

7KH'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUVSDJH
)XUWKHUHQWU\RSWLRQVLPPHGLDWHO\DIWHU
FDOOLQJXSWKHPHQX
6HOHFWLRQ )XQFWLRQ
0LGGOHRI
WKHURDG
6HWVWKHGHVWLQDWLRQWR
WKHPLGGOHRIWKHURDG
DQGFDOOVXSWKH
'HWDLOHGLQIRUPD
WLRQPHQXSDJH
&DOOVXSDOLVWIURP
ZKLFK\RXFDQVHOHFWDQ
HQWU\7KH'HWDLOHG
LQIRUPDWLRQPHQX
WKHQDSSHDUV
&URVVURDGV
(QWHUDMXQFWLRQ
SDJH
(QWHULQJJHRFRRUGLQDWHVH[SHUWPRGH
3UHVVWKHJOREHDWWKHERWWRPULJKWRIWKH
(QWHULQJDQHZGHVWLQDWLRQPHQX
SDJH
7KH(QWHUFRRUGLQDWHVPHQXDSSHDUV
<RXFDQHQWHUWKHJHRFRRUGLQDWHVDV
GHJUHHVRUGHFLPDOQRWDWLRQ
(QWHUWKHJHRFRRUGLQDWHV7KHUHLVD
GHVFULSWLRQRIKRZWRHQWHUFKDUDFWHUVLQ
!!VPDUWKLJKOLQHUDGLR 
WKH(QWHULQJFKDUDFWHUVLQQDYLJDWLRQ
VHFWLRQSDJH$QH[DPSOHHQWU\LV
VKRZQLQWKHWDEOH
7RVZLWFKWRGHFLPDOQRWDWLRQSUHVV
GHFLPDOQRWDWLRQ
7RVZLWFKWRGHJUHHQRWDWLRQSUHVV
GHJUHHQRWDWLRQ
1RWDWLRQ ([DPSOHLQSXW
%HUOLQ
'HJUHHQRWDWLRQ
=/DWLWXGH 1
1ODWLWXGH
=/RQJLWXGH (
(ORQJLWXGH
'HFLPDOQRWDWLRQ
=/DWLWXGH 
=/RQJLWXGH 
7RFRQILUPWKHHQWU\SUHVV
2.
7KH'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUVSDJH
6HOHFWLQJDGHVWLQDWLRQIURP3UHYLRXV
WRZQV
7KHVPDUWKLJKOLQHUDGLRDXWRPDWLFDOO\
VWRUHVWKHODVWGHVWLQDWLRQVHQWHUHG
3UHVV
/DVWORFDWLRQV
LQWKH1DYLJD
WLRQPDLQPHQXSDJH
7KH/DVWORFDWLRQVGHVWLQDWLRQPHPRU\
DSSHDUV
G([SHUWPRGHWKHILUVWWKUHHHQWULHV
IURPWKH/DVWORFDWLRQVPHPRU\DUH
VKRZQDWWKHWRSRIWKHQDYLJDWLRQPDLQ
PHQX7KHVHFDQEHVHOHFWHGIRUIDVWGHV
WLQDWLRQHQWU\
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVVDGHVWLQDWLRQDGGUHVV
7KH'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUVSDJH
G<RXZLOOILQGIXUWKHULQIRUPDWLRQLQWKH
/DVWORFDWLRQVVHFWLRQSDJH
6HOHFWLQJDGHVWLQDWLRQIURPIDYRXULWHV
3UHVV
)DYRXULWHV
LQWKH1DYLJDWLRQ
PDLQPHQXSDJH
7KH)DYRXULWHVGHVWLQDWLRQPHPRU\
DSSHDUV<RXUKRPHDGGUHVVFLVDOVR
VWRUHGKHUH
F+RPHDGGUHVVV\PERO
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVVDGHVWLQDWLRQDGGUHVV
7KH'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUVSDJH
)XUWKHULQIRUPDWLRQHJDERXWVWRULQJ
FDQEHIRXQGLQWKH)DYRXULWHVGHVWLQD
WLRQPHPRU\VHFWLRQSDJH
 !!VPDUWKLJKOLQHUDGLR
(QWHULQJWKHGHVWLQDWLRQRQWKHPDS
3UHVVWKHPDSZKHQLWLVGLVSOD\HG
$OLJKWEOXHFLUFOHDSSHDUVRQWKHPDS
,IWKHUHDUHGHVWLQDWLRQVDYDLODEOHIRU
WKLVWRZQWKHVHDUHVKRZQDVDQDGGUHVV
RUDVJHRFRRUGLQDWHV,IIXUWKHUGHVWL
QDWLRQLQIRUPDWLRQLVDYDLODEOHWKH
VSHFLILFDWLRQDQGWKHV\PEROV
<=DUHVKRZQDIWHUWKHHQWU\
F$FLUFOHPDUNVWKHGHVWLQDWLRQRQWKH
PDS
7RFDOOXSIXUWKHUGHVWLQDWLRQLQIRUPD
WLRQLIDYDLODEOHSUHVV<RU=
7RGLVSOD\DQDGGUHVVSUHVVÒ
7RPRYHWKHGHVWLQDWLRQRQWKHPDSSUHVV
RQWKHFURVVKDLUDQGPRYHLWRQWKHPDS
7RVHOHFWDGHVWLQDWLRQSUHVV
$GG
GHVW
7KH'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUVSDJH
(QWHULQJDVSHFLDOGHVWLQDWLRQ([SHUW
PRGH
,QLWLDWLQJVSHFLDOGHVWLQDWLRQHQWU\
6HWWLQJ([SHUWPRGHSDJH
3UHVV
3RLQWVRILQWHUHVW
LQWKH1DY
LJDWLRQPDLQPHQXRSWLRQ
SDJHRULQWKH(QWHULQJDVWUHHW
PHQXRSWLRQ
7KH$OOVSHFLDOGHVWLQDWLRQVPHQX
DSSHDUV<RXFDQGLVSOD\DOOVSHFLDOGHV
WLQDWLRQVRUVHDUFKIRUVSHFLDOGHVWLQD
WLRQVZLWKLQDFDWHJRU\HJ
/HLVXUH
DQGVSRUW
!!VPDUWKLJKOLQHUDGLR 
2SWLRQFDOOLQJXSIURPWKH1DYLJDWLRQPDLQPHQX
3UHVV
$OOSRLQWVRILQWHUHVW
RUVHOHFWDFDWHJRU\ILUVWSDJH
$PHQXDSSHDUV
6HDUFKLQJIRUDVSHFLDOGHVWLQDWLRQLQWKH6SRUWDUHQDFDWHJRU\
6HOHFWLRQ $FWLRQ
$WDVSHFLILFORFDWLRQ
(QWHUDWRZQRUSUHVV
'LVSOD\DOOVSHFLDOGHVWLњ
QDWLRQV
'HSHQGLQJRQWKHVHOHFWLRQDQLQSXWPHQXRUDOLVW
DSSHDUV
(QWHUDVSHFLDOGHVWLQDWLRQDQGSUHVV
'LVSOD\
VHOHFWLRQ
6HOHFWDVSHFLDOGHVWLQDWLRQIURPWKHOLVW
7KH'HWDLOHGLQIRUPDWLRQPHQXDSSHDUV
SDJH
1HDUE\
(QWHUDGHVWLQDWLRQRUSUHVV
'LVSOD\DOOVSHFLDO
GHVWLQDWLRQV
'HSHQGLQJRQWKHVHOHFWLRQDQLQSXWPHQXRUDOLVW
DSSHDUV
(QWHUDVSHFLDOGHVWLQDWLRQDQGSUHVV
'LVSOD\
VHOHFWLRQ
6HOHFWDVSHFLDOGHVWLQDWLRQIURPWKHOLVW
7KH'HWDLOHGLQIRUPDWLRQPHQXDSSHDUV
SDJH
$ORQJWKH5RXWH
DYDLODEOH
ZKHQWKHURXWHKDVEHHQFDO
FXODWHG
3URFHHGDVGHVFULEHGXQGHU
1HDUE\
$WGHVWLQDWLRQ
DYDLODEOH
ZKHQWKHURXWHKDVEHHQFDO
FXODWHG
3URFHHGDVGHVFULEHGXQGHU
1HDUE\
 !!VPDUWKLJKOLQHUDGLR
2SWLRQFDOOLQJXSIURPWKH(QWHUD
VWUHHWPHQX
3UHVV
$OOVSHFLDOGHVWLQDWLRQV
RU
VHOHFWDFDWHJRU\ILUVWSDJH
7KH(QWHULQJDVSHFLDOGHVWLQDWLRQLQ
7RZQ!PHQXDSSHDUV
2SWLRQHQWHUDVSHFLDOGHVWLQDWLRQDQG
SUHVV
'LVSOD\VHOHFWLRQ
2SWLRQSUHVV
$OOVSHFLDOGHVWLQDњ
WLRQV
7KHVSHFLDOGHVWLQDWLRQVDUHGLVSOD\HG
DQGVKRZQRQWKHOHIWRIWKHPDS
6HOHFWLQJDVSHFLDOGHVWLQDWLRQ
7KH'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUVSDJH<RXFDQFDOOXSD
VSHFLDOGHVWLQDWLRQLIDWHOHSKRQHQXP
EHULVVWRUHGDQGWKHPRELOHSKRQHKDV
EHHQFRQQHFWHGSDJH
G7KHSKRQHQXPEHUGLVSOD\HGPD\EHRXW
GDWHGGXHWRWKHGDWDEDVH
3UHVV
&DOOQRZ
7KLVLQLWLDWHVGLDOOLQJ
6HOHFWLQJDFDWHJRU\
([DPSOH\RXZRXOGOLNHWRJRWRDQ,QGLDQ
UHVWDXUDQW
3UHVV
+RWHOJDVWURQRP\
LQWKH$OO
VSHFLDOGHVWLQDWLRQVPHQXSDJH
7KH+RWHOJDVWURQRP\PHQXVKRZVWKH
DYDLODEOHFDWHJRULHV
3UHVV
5HVWDXUDQW1LJKWOLIH
7KH5HVWDXUDQWEDUPHQXVKRZVWKH
DYDLODEOHFDWHJRULHV
3UHVV<RU=XQWLO
,QGLDQ
LV
VHOHFWHG
3UHVV
,QGLDQ
(LWKHUWKH6HDUFKLQJIRUDVSHFLDOGHV
WLQDWLRQPHQXRSWLRQSDJHRU
WKH(QWHULQJDVSHFLDOGHVWLQDWLRQLQ
7RZQ!PHQXRSWLRQDSSHDUV
3URFHHGDVGHVFULEHGXQGHURSWLRQRU
5RXWHJXLGDQFH
*HQHUDOQRWHV
7KHVPDUWKLJKOLQHUDGLRJXLGHV\RXWR
\RXUGHVWLQDWLRQE\PHDQVRIQDYLJDWLRQ
FRPPDQGVLQWKHIRUPRIDXGLEOHQDYLJD
WLRQDQQRXQFHPHQWVDQGURXWHJXLGDQFH
GLVSOD\V
,I\RXGRQRWIROORZWKHQDYLJDWLRQ
DQQRXQFHPHQWVRULI\RXOHDYHWKHFDOFXOD
WHGURXWHWKHGHYLFHDXWRPDWLFDOO\FDOFX
ODWHVDQHZURXWHWRWKHGHVWLQDWLRQ
,IWKHGLJLWDOPDSFRQWDLQVWKHFRUUH
VSRQGLQJLQIRUPDWLRQWKHIROORZLQJ
DSSOLHV
=:KHQVHOHFWLQJDURXWHWKHVPDUWKLJK
OLQHUDGLRWULHVWRDYRLGURDGVWKDWRQO\
KDYHOLPLWHGDFFHVVHJURDGVFORVHGWR
WKURXJKWUDIILFDQGQRQUHVLGHQWV
=URDGVWKDWKDYHWLPHUHVWULFWLRQVHJ
FORVHGRQ6XQGD\VDQGSXEOLFKROLGD\V
DUHDYRLGHGIRUURXWHJXLGDQFH
,IWKHGLJLWDOPDSSURYLGHVQRLQIRUPDWLRQ
RULQFRPSOHWHLQIRUPDWLRQGXULQJURXWH
JXLGDQFHWKHFXUUHQWYHKLFOHSRVLWLRQLV
VKRZQXVLQJJHRFRRUGLQDWHV
7KLVRFFXUVLQWKHIROORZLQJVLWXDWLRQV
HJ
=WKHYHKLFOHLVRXWVLGHRIWKHDUHDFRYHUHG
E\WKHGLJLWDOPDSVHFWLRQRIIPDS
ORFDWLRQ
=WKHYHKLFOHLVWUDYHOOLQJWKURXJKDQDUHD
WKDWLVRQO\SDUWLDOO\VKRZQRQWKHPDS
=WKHYHKLFOHLVZLWKLQWKHDUHDFRYHUHGE\
WKHGLJLWDOPDSVHFWLRQEXWQRWRQDGLJ
LWDOURDGRIIURDGORFDWLRQ
6WDUWLQJURXWHJXLGDQFH
&DOFXODWHDURXWHRUDOWHUQDWLYHURXWH
SDJHDQGWKHQSUHVV
2.
5RXWHJXLGDQFHVWDUWV
!!VPDUWKLJKOLQHUDGLR 
'LVSOD\LQJWKHPDSGXULQJURXWHJXLGDQFH
0DSGXULQJURXWHJXLGDQFHH[DPSOH
)XQFWLRQ ([SODQDWLRQ
5RXWHJXLGDQFHGLVSOD\ZLWK
DUURZLQGLFDWLQJWKHGLUHFWLRQ
RIWUDYHOH[DPSOHVKRZVDQ
DUURZSRLQWLQJVWUDLJKWDKHDG
DQGDGLVWDQFHRIP
7KHXSFRPLQJFKDQJHRIGLUHFWLRQLVVKRZQZLWKDQ
DUURZLQGLFDWLQJWKHGLUHFWLRQRIWUDYHODQGWKHGLV
WDQFH
7KHURXWHJXLGDQFHGLVSOD\FDQDOVREHVHHQLQRWKHU
RSHUDWLQJPRGHVHJUDGLRPRGH
7RUHSHDWWKHFXUUHQWQDYLJDWLRQDQQRXQFHPHQW
SUHVVRQWKHURXWHJXLGDQFHGLVSOD\
$XWR]RRP $V\RXDSSURDFKDFKDQJHLQGLUHFWLRQWKHDUHDRIWKH
MXQFWLRQLV]RRPHGLQRQWKHPDS
,Q([SHUWPRGH\RXFDQVHWKRZPXFKWKHPDSVHFWLRQ
LV]RRPHGLQSDJH
/DQHUHFRPPHQGDWLRQV /DQHUHFRPPHQGDWLRQVPD\EHVKRZQIRUPXOWLODQH
URDGV7KHUHOHYDQWGDWDPXVWEHDYDLODEOHRQWKHGLJ
LWDOPDS5HFRPPHQGHGODQHVDUHVKRZQZLWKDJUHHQ
DUURZODQHVWKDWDUHQRWUHFRPPHQGHGDUHVKRZQZLWK
DUHGFURVV
/DQHUHFRPPHQGDWLRQVDSSO\WRWKHQH[WFKDQJHRI
GLUHFWLRQ
&XUUHQWPDSVFDOH $SSHDUVXQGHUWKHURXWHJXLGDQFHGLVSOD\
0DSYLHZ (QDEOHVGLIIHUHQWPDSRULHQWDWLRQVSDJH
6HWWLQJWKHPDSVFDOH =RRPLQRQWKHPDSVHFWLRQXVLQJZRU]RRPRXW
XVLQJ[
3UHVVAWRUHWXUQWRWKHRULJLQDODXWR]RRPYLHZ
 !!VPDUWKLJKOLQHUDGLR
)XQFWLRQ ([SODQDWLRQ
6SHHG/LPLW$VVLVW([SHUW
PRGH
7KHPD[LPXPSHUPLVVLEOHVSHHGLVVKRZQZKHQWKH
FRUUHVSRQGLQJPDSGDWDLVDYDLODEOHDQGWKH
6SHHG
OLPLW
IXQFWLRQLVQRWGHDFWLYDWHGSDJH
$ZDUQLQJWRQHVRXQGVLIWKHPD[LPXPSHUPLVVLEOH
VSHHGLVH[FHHGHGDQGRQHRIWKH
:DUQLQJDW[NP
K
VHWWLQJVLVDFWLYDWHG
G7KHPD[LPXPSHUPLVVLEOHVSHHGGLVSOD\PD\GLI
IHUIURPWKHDFWXDOWUDIILFVLWXDWLRQHJDVDUHVXOW
RILQFRUUHFWPDSGDWD
70&DQG*36GLVSOD\ %OXHGLVSOD\UHFHSWLRQ
5HGGLVSOD\QRUHFHSWLRQ
'HVWLQDWLRQLQIRUPDWLRQ 7KHFXUUHQWKHLJKWDERYHDYHUDJHVHDOHYHOLVVKRZQ
DWWKHERWWRPHGJHRIWKHVFUHHQ
)RUWKHQH[WGHVWLQDWLRQLQWHUPHGLDWHVWRSILQDO
GHVWLQDWLRQ\RXZLOODOVRVHH
=WKHHVWLPDWHGGULYLQJWLPHWRWKHGHVWLQDWLRQ
=WKHGLVWDQFHWRWKHGHVWLQDWLRQ
=WKHH[SHFWHGDUULYDOWLPHDWWKHGHVWLQDWLRQ
3UHVVRQWKHILHOGZLWKWKHGHVWLQDWLRQLQIRUPDWLRQ
WRGLVSOD\WKH7ULSLQIRGLVSOD\ZLWKDGGLWLRQDO
LQIRUPDWLRQSDJH
'LVSOD\LQJVSHFLDOGHVWLQD
WLRQV\PEROV
6SHFLDOGHVWLQDWLRQVDUH
5HVWDXUDQW1LJKWOLIH
RU
3HWUROVWDWLRQ
IRUH[DPSOH7KHFRUUHVSRQGLQJ
V\PEROVFDQEHGLVSOD\HGRQWKHPDSSDJH
6HOHFWLQJDURXWHJXLGDQFHGLVSOD\
<RXFDQFKRRVHEHWZHHQWKH
0DSRQO\

7XUQ
,FRQV
RU
&RPSDVV
GLVSOD\VHHWKH'LV
SOD\VHFWLRQSDJH
7XUQ,FRQVGLVSOD\H[DPSOH
,I
7XUQ,FRQV
KDVEHHQVHOHFWHGWKHDUURZ
LQGLFDWLQJWKHGLUHFWLRQRIWUDYHOLVVKRZQ
ZLWKWKHGLVWDQFHGLVSOD\XQWLOWKHQH[W
FKDQJHRIGLUHFWLRQ
&RPSDVVGLVSOD\H[DPSOH
!!VPDUWKLJKOLQHUDGLR 
<RXVHHWKHIROORZLQJLQIRUPDWLRQ
=FXUUHQWGLUHFWLRQRIWUDYHO
=ODWLWXGHFRRUGLQDWHV
=ORQJLWXGHFRRUGLQDWHV
=FXUUHQWKHLJKWDERYHPHDQVHDOHYHO
=QXPEHURIVDWHOOLWHVFXUUHQWO\EHLQJ
XVHG
7KHEDUXQGHUQHDWKVKRZVWKHIROORZLQJ
LQIRUPDWLRQ
=FXUUHQWKHLJKWDERYHPHDQVHDOHYHO
=FXUUHQWWLPHLIURXWHJXLGDQFHLVQRW
DFWLYHRUUHPDLQLQJMRXUQH\WLPHWR
QH[WGHVWLQDWLRQLQWHUPHGLDWHVWRS
ILQDOGHVWLQDWLRQ
=UHPDLQLQJGLVWDQFHWRQH[WGHVWLQDWLRQ
LQWHUPHGLDWHVWRSILQDOGHVWLQDWLRQ
=H[SHFWHGDUULYDOWLPHDWQH[WGHVWLQD
WLRQLQWHUPHGLDWHVWRSILQDOGHVWLQD
WLRQ
7RFORVHWKHFRPSDVVGLVSOD\SUHVVB
6WRSSLQJURXWHJXLGDQFH
3UHVV
6WRSURXWHJXLGDQFH
LQWKH1DY
LJDWLRQPDLQPHQXSDJH
5RXWHJXLGDQFHLVLQWHUUXSWHG
'HVWLQDWLRQUHDFKHG
:KHQ\RXUHDFK\RXUGHVWLQDWLRQDFKHT
XHUHGIODJLVGLVSOD\HGRQWKHULJKWKDQG
VLGHRIWKHGLVSOD\DQGURXWHJXLGDQFHLV
HQGHGDXWRPDWLFDOO\
1DYLJDWLRQDQQRXQFHPHQWV
6ZLWFKLQJQDYLJDWLRQDQQRXQFHPHQWVRQ
RII
2SWLRQ
7RVZLWFKRIISUHVVFRQWURONQRE¡
EULHIO\GXULQJDQDYLJDWLRQDQQRXQFH
PHQW
7RVZLWFKRQSUHVVWKHDUURZLQGLFDWLQJ
WKHGLUHFWLRQRIWUDYHORQWKHPDS
SDJH
7KHFXUUHQWQDYLJDWLRQDQQRXQFHPHQWLV
UHSHDWHG
G1DYLJDWLRQDQQRXQFHPHQWVDUHPXWHGLQ
WKHHYHQWRIDWUDIILFDQQRXQFHPHQWDQ
LQFRPLQJFDOORUGXULQJDSKRQHFDOO
2SWLRQ
3UHVVWKHDUURZDWWKHERWWRPOHIWRIWKH
PDSSDJH
7KH1DYLJDWLRQPDLQPHQXDSSHDUV
3UHVV
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
6SHHFKRXWSXW
7KH6SHHFKRXWSXWPHQXDSSHDUV
3UHVV
6SHHFKRXWSXW
DJDLQ
'HSHQGLQJRQWKHSUHYLRXVVHWWLQJWKH
IXQFWLRQVDUHGHDFWLYDWHGRUDFWLYDWHG
$QQRXQFLQJVWUHHWQDPHV
3UHVVWKHDUURZDWWKHERWWRPOHIWRIWKH
PDSSDJH
7KH1DYLJDWLRQPDLQPHQXDSSHDUV
3UHVV
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
6SHHFKRXWSXW
7KH6SHHFKRXWSXWPHQXDSSHDUV
3UHVV
6WUHHWQDPHV
'HSHQGLQJRQWKHSUHYLRXVVHWWLQJWKH
IXQFWLRQLVGHDFWLYDWHGRUDFWLYDWHG
 !!VPDUWKLJKOLQHUDGLR
$GMXVWLQJWKHYROXPHIRUQDYLJDWLRQ
DQQRXQFHPHQWV
7XUQ[WKHFRQWURONQREGXULQJDWUDI
ILFDQQRXQFHPHQW
RU
6HWWKHYROXPHRIWUDIILFDQQRXQFHPHQWV
FRPSDUHGWRWKHYROXPHRIWKHDFWLYH
DXGLRVRXUFHSDJH
7KHYROXPHRIWKHDFWLYHDXGLRVRXUFHLV
ORZHUHGWRWKHVHOHFWHGYDOXHIRUWKH
GXUDWLRQRIWKHQDYLJDWLRQDQQRXQFH
PHQW
6HOHFWLQJWUDIILFMDPDYRLGDQFH([SHUW
PRGH
3UHVVWKHDUURZDWWKHERWWRPOHIWRIWKH
PDSSDJH
7KH1DYLJDWLRQPDLQPHQXDSSHDUV
3UHVV
5RXWHRSWLRQV
7KH5RXWHRSWLRQVPHQXDSSHDUV7KH
E\SDVV
RSWLRQVKRZVWKHFXUUHQWVHW
WLQJ
3UHVV
E\SDVV
$PHQXDSSHDUV
3UHVV
QRQH

PDQXDO
RU
DXWRPDWLF
6HOHFWLRQ ([SODQDWLRQ
QRQH
7UDIILFMDPVDUHQRWWDNHQ
LQWRDFFRXQWIRUURXWHJXLG
DQFH
PDQXDO
7KHVHOHFWHGWUDIILFMDP
VHFWLRQDQGDGGLWLRQDO
LQIRUPDWLRQDUHVKRZQRQ
WKHPDS+RZHYHUQRQHZ
URXWHLVFDOFXODWHG
DXWRPDWLF
7KHVPDUWKLJKOLQHUDGLR
FDOFXODWHVDGHWRXULI70&
WUDIILFDQQRXQFHPHQWVDUH
UHFHLYHG
G,Q(DV\PRGHWKHVWDQG
DUGVHWWLQJLV
DXWRPDWLF
5RXWHLQIRUPDWLRQ([SHUWPRGH
&DOOLQJXSWKH5RXWHLQIRUPDWLRQPHQX
3UHVVWKHDUURZDWWKHERWWRPOHIWRIWKH
PDSSDJH
7KH1DYLJDWLRQPDLQPHQXDSSHDUV
3UHVV
5RXWHLQIRUPDWLRQ
7KH5RXWHLQIRUPDWLRQPHQXDSSHDUV
&DOOLQJXSDURXWHOLVW
3UHVV
'LUHFWLRQV
LQWKH5RXWHLQIRU
PDWLRQPHQX
7KHURXWHOLVWVKRZVWKHVWUHHWVHFWLRQV
WREHGULYHQRQ
3UHVV<RU=WRVFUROOLQWKHOLVW
7RFORVHWKHURXWHOLVWSUHVVB
&KHFNLQJWKHWUDIILFFRQGLWLRQV
3UHVV
7UDIILFLQIRUPDWLRQ
LQWKH
5RXWHLQIRUPDWLRQPHQX
7KHOLVWVKRZVWKHFXUUHQW70&WUDIILF
DQQRXQFHPHQWV7UDIILFDQQRXQFHPHQWV
ZLWKDUHGV\PERODIIHFWWKHFXUUHQW
URXWHWUDIILFDQQRXQFHPHQWVZLWKDJUH\
V\PERODSSO\WRRWKHUVHFWLRQVRIURDG
!!VPDUWKLJKOLQHUDGLR 
G7KHOLVWFDQEHGLVSOD\HGE\FOLFNLQJ
RQWKH70&V\PERORQWKHWRSULJKWKDQG
VLGHRIWKHGLVSOD\SDJH7KHGLV
SOD\GRHVQRWGHSHQGRQWKH5'670&
UDGLRVWDWLRQFXUUHQWO\SOD\LQJ
7RFORVHWKHOLVWSUHVVB
6HWWLQJWKHPDSWRDURXWHSRVLWLRQ
3UHVV
*RWR
LQWKH5RXWHRSWLRQV
PHQXSDJH
$PHQXDSSHDUV
3UHVV
&XUUHQWSRVLWLRQ

'HVWLQDWLRQ
DUHD

2YHUYLHZ
RU
6WDUWLQJSRLQW
7KHPDSVKRZVWKHURXWHVHFWLRQZLWKWKH
VHOHFWHGURXWHSRVLWLRQRUDFRPSOHWH
RYHUYLHZRIWKHURXWH
%ORFNLQJDVHFWLRQRIWKHURXWH
,WLVSRVVLEOHWREORFNPRUHWKDQRQHURXWH
VHFWLRQ7KHQXPEHURIDFWLYHEORFNVFDQEH
VHHQLQWKH/HQJWKRIEORFNDQG6WDUWRI
EORFNOLVWVDWWKHWRSULJKW
3UHVV
$YRLGURXWH
LQWKH5RXWHLQIRU
PDWLRQPHQXSDJH
7KH/HQJWKRIEORFNOLVWDSSHDUV
3UHVVDVHOHFWLRQRSWLRQHJ
NP
WR
VHOHFWWKHH[WHQVLRQRIWKHEORFN
7KH6WDUWRIEORFNOLVWDSSHDUV
3UHVV
,PPHGLDWHO\
RUDQRWKHUVHOHFWLRQ
RSWLRQWRGHWHUPLQHZKHQWKHEORFN
VKRXOGVWDUW
7KHURXWHVHFWLRQLVEORFNHG7KHURXWH
LVUHFDOFXODWHG
7RGHOHWHEORFNV3UHVVeDWWKHERWWRP
ULJKWLQWKH/HQJWKRIEORFNOLVW
6WDUWLQJURXWHVLPXODWLRQ
3UHVV
6LPXODWLRQPRGH
LQWKH5RXWH
LQIRUPDWLRQPHQXSDJH
7KHURXWHLVVKRZQIURPWKHVWDUWRUSUH
YLRXVSRVLWLRQWRWKHGHVWLQDWLRQ
'LVSOD\LQJWULSLQIR
3UHVV
7ULSLQIR
LQWKH5RXWHLQIRUPD
WLRQPHQXSDJH
<RXVHHWKHIROORZLQJLQIRUPDWLRQ
=0D[LPXPVSHHG
=$YHUDJHVSHHG
=GLVWDQFHFRYHUHG
=GULYLQJWLPH
=WRWDOUHPDLQLQJGULYLQJWLPH
=WRWDOUHPDLQLQJMRXUQH\GLVWDQFH
7KHEDUXQGHUQHDWKVKRZVWKHIROORZLQJ
LQIRUPDWLRQ
=FXUUHQWKHLJKWDERYHVHDOHYHO
=FXUUHQWWLPHLIURXWHJXLGDQFHLVQRW
DFWLYHRUUHPDLQLQJMRXUQH\WLPHWR
QH[WGHVWLQDWLRQLQWHUPHGLDWHVWRS
ILQDOGHVWLQDWLRQ
 !!VPDUWKLJKOLQHUDGLR
=UHPDLQLQJGLVWDQFHWRQH[WGHVWLQD
WLRQLQWHUPHGLDWHVWRSILQDOGHVWL
QDWLRQ
=H[SHFWHGDUULYDOWLPHDWQH[WGHVWLQD
WLRQLQWHUPHGLDWHVWRSILQDOGHVWL
QDWLRQ
7RFORVHWULSLQIRSUHVVB
G7KHLQIRUPDWLRQFDQDOVREHVKRZQE\
SUHVVLQJWKHILHOGZLWKWKHGHVWLQDWLRQ
LQIRUPDWLRQDWWKHERWWRPRIWKHPDS
SDJH
(GLWLQJDURXWH
,QWURGXFWLRQ
<RXFDQDGGDGGLWLRQDOGHVWLQDWLRQVWRWKH
URXWHRSWLPLVHURXWHJXLGDQFHRUFKDQJH
WKHRUGHURIWKHGHVWLQDWLRQV
3UHVVWKHDUURZDWWKHERWWRPOHIWRIWKH
PDSSDJH
7KH1DYLJDWLRQPDLQPHQXDSSHDUV
3UHVV
(GLWURXWH
7KH(GLWURXWHPHQXDSSHDUV
7KHIROORZLQJIXQFWLRQVFDQEHVHOHFWHG
=DGGLQJDGHVWLQDWLRQ
=RSWLPLVLQJDURXWHDYDLODEOHZLWKIRXU
RUPRUHGHVWLQDWLRQHQWULHV
=FKDQJLQJWKHRUGHURIWKHGHVWLQDWLRQV
ZLWKLQWKHURXWH
=ORDGLQJVDYLQJDURXWH
DGGLQJDGHVWLQDWLRQ
3UHVV
$OWHUQDWLYHURXWH
7KH1HZGHVWLQDWLRQPHQXDSSHDUV
6HOHFWGHVWLQDWLRQHQWU\
(QWHULQJDQDGGUHVVSDJH
3UHYLRXVWRZQVSDJH
&XUUHQWSRVLWLRQLIDYDLODEOH
6SHFLDOGHVWLQDWLRQVSDJH
6HOHFWRSWLRQ
3UHVV
2.
LQWKH'HWDLOHGLQIRUPDWLRQ
PHQXSDJH
7KHGHVWLQDWLRQLVHQWHUHGLQWKH(GLW
LQJWKHURXWHPHQX
7RFDOFXODWHDQHZURXWHSUHVV
2.
2SWLPLVLQJDURXWH
7KLVIXQFWLRQLVDYDLODEOHZKHQWKHUHDUH
IRXURUPRUHHQWULHVLQFOXGLQJWKHVWDUW
LQJSRLQWDQGWKHGHVWLQDWLRQ
3UHVV
RSWLPLVHURXWH
LQWKH(GLWLQJD
URXWHPHQX
7KHRUGHURIWKHGHVWLQDWLRQVLVFKHFNHG
DQGWKHURXWHLVRSWLPLVHGDFFRUGLQJWR
WKHGLVWDQFH7KHURXWHVVWDUWLQJSRLQW
DQGGHVWLQDWLRQDUHQRWFKDQJHG
&KDQJLQJWKHRUGHURIWKHGHVWLQDWLRQV
ZLWKLQWKHURXWH
3UHVVWKHXSRUGRZQDUURZLQWKH(GLW
LQJDURXWHPHQX
7KHGHVWLQDWLRQLVPRYHGXSRUGRZQ
!!VPDUWKLJKOLQHUDGLR 
'HOHWLQJDGHVWLQDWLRQIURPWKHURXWH
3UHVVeDIWHUDQHQWU\LQWKH(GLWLQJ
DURXWHPHQX
7KHGHVWLQDWLRQLVGHOHWHGIURPWKH
URXWH
/RDGLQJVDYLQJDURXWH
3UHVVRQWKHPHPRU\FDUGV\PEROLQWKH
(GLWLQJDURXWHPHQXSDJH
7KH/RDGLQJDQGVDYLQJDURXWHPHQX
DSSHDUV
6DYLQJDURXWH3UHVV
6DYHFXUUHQW
WRXU
$QLQSXWPHQXDSSHDUV
(QWHUDQDPHIRUWKHURXWHDQGWKHQSUHVV
2.
7KHURXWHLVVWRUHG
7RORDGDURXWHSUHVVDQHQWU\
7KHURXWHLVORDGHG
7RGHOHWHDURXWHSUHVVeDIWHUDQ
HQWU\
3ORWWLQJWKH*36WUDFN([SHUWPRGH
,IWKLVIXQFWLRQLVDFWLYDWHGDQGDQ6'00&
PHPRU\FDUGKDVEHHQLQVHUWHG
SDJHWKHURXWHWDNHQLVSORWWHG
7KHURXWHLVVDYHGDVD*3;ILOHLQWKH*36
WUDFNVIROGHURQWKH6'00&PHPRU\FDUG
<RXFDQYLHZWKHURXWHODWHULQ*RRJOH
(DUWKIRUH[DPSOH
)HDWXUHVSHFLILFWRVLPXOWDQHRXVSOD\EDFN
RI6'00&PHPRU\FDUGVRU86%GHYLFHV
=3OD\EDFNPD\EHLQWHUUXSWHGRFFDVLRQ
DOO\
=$IWHUVZLWFKLQJWKHVPDUWKLJKOLQH
UDGLRRIIDQGRQDJDLQWKHILUVWPXVLF
WUDFNRQWKHGDWDPHGLXPLVSOD\HG
3UHVVWKHV\PEROLQWKHPDLQPHQX
SDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
3URJUDPPHVHWWLQJV
7KH3URJUDPPHVHWWLQJVPHQXDSSHDUV
3UHVV
3ORW*36WUDFN
'HSHQGLQJRQWKHSUHYLRXVVHWWLQJWKH
IXQFWLRQLVDFWLYDWHGRUGHDFWLYDWHG
3ORWWLQJWKH*36WUDFNLVVWDUWHGDIWHU
\RXKDYHDFWLYDWHGWKHVHWWLQJ
4XLFNPHQX([SHUWPRGH
&DOOLQJXSWKH4XLFNPHQX
7KH4XLFNPHQXHQDEOHVIDVWDFFHVVWRVL[
IUHTXHQWO\XVHGIXQFWLRQVGXULQJURXWH
JXLGDQFH<RXFDQSHUVRQDOLVHWKHVHVL[
IXQFWLRQV
3UHVVWKHV\PERODWWKHERWWRPULJKWRI
WKHPDS
7KH4XLFNPHQXDSSHDUVDQGVKRZVWKH
IXQFWLRQVWKDWDUHFXUUHQWO\DYDLODEOH
 !!VPDUWKLJKOLQHUDGLR
(GLWLQJWKH4XLFNPHQX
3UHVVWKHV\PERODWWKHERWWRPULJKWRI
WKHPHQX
7KH4XLFNPHQXPHQXDSSHDUVZLWKWKH
:KLFKNH\ZRXOG\RXOLNHWR
FKDQJH"
SURPSW
3UHVVDNH\
7KH&KDQJLQJDNH\PHQXDSSHDUV
3UHVVRQRQHRIWKHIROORZLQJIXQFWLRQV
=
6HOHFWGHVWLQDWLRQ
=
3RLQWVRILQWHUHVW
=
5RXWHLQIRUPDWLRQ
=
6HWWLQJV
=
2WKHUYLHZV
'HSHQGLQJRQWKHVHOHFWLRQWKHDYDLOD
EOHNH\VDUHVKRZQ
6HOHFWDNH\
7KH4XLFNPHQXDSSHDUVDQGVKRZVWKH
QHZNH\DVVLJQPHQW
3UHYLRXVWRZQV
,QWURGXFWLRQ
7KHVPDUWKLJKOLQHUDGLRDXWRPDWLFDOO\
VWRUHVWKHSUHYLRXVWRZQVIRUZKLFKURXWH
FDOFXODWLRQZDVVWDUWHG,IWKHOLVWLVIXOO
WKHGHYLFHGHOHWHVWKHROGHVWGHVWLQDWLRQ
<RXFDQDOVRGHOHWHGHVWLQDWLRQV\RXUVHOI
'HOHWLQJDOOGHVWLQDWLRQV
3UHVV
/DVWORFDWLRQV
LQWKH1DYLJD
WLRQPDLQPHQXSDJH
7KH3UHYLRXVWRZQVOLVWDSSHDUV
3UHVVeRQWKHERWWRPULJKW
$TXHU\DSSHDUV
3UHVV
2.
$OOGHVWLQDWLRQVDUHGHOHWHGIURPWKH
3UHYLRXVWRZQVOLVW
'HOHWLQJDGHVWLQDWLRQ
3UHVVeDIWHUDQHQWU\LQWKH3UHYLRXV
WRZQVOLVW
$TXHU\DSSHDUV
3UHVV
2.
7KHGHVWLQDWLRQLVGHOHWHGIURPWKH
3UHYLRXVWRZQVOLVW
)DYRXULWHVGHVWLQDWLRQPHPRU\
6WRULQJ\RXUKRPHDGGUHVV
(QWHU\RXUKRPHDGGUHVVDVDGHVWLQDWLRQ
HJDVDWRZQVWUHHWDQGKRXVHQXPEHU
SDJH
%HIRUHURXWHFDOFXODWLRQLVVWDUWHG
SUHVV
DVKRPHDGGUHVV
LQWKH'HWDLOHG
LQIRUPDWLRQPHQXDQGVWRUHWKHDGGUHVV
SDJH
6DYLQJDGHVWLQDWLRQWR\RXUIDYRXULWHV
2SWLRQDIWHUGHVWLQDWLRQHQWU\
(QWHUWKHGHVWLQDWLRQHJDVDWRZQ
VWUHHWDQGKRXVHQXPEHU
%HIRUHURXWHFDOFXODWLRQLVVWDUWHG
SUHVV
3ODFHDVIDYRXULWH
LQWKH
'HWDLOHGLQIRUPDWLRQPHQX
!!VPDUWKLJKOLQHUDGLR 
(QWHUDQDPHIRUWKHQHZIDYRXULWH3UR
FHHGDVGHVFULEHGXQGHU&KDUDFWHU
HQWU\LQWKH$WDJODQFHVHFWLRQ
SDJH
3UHVV
2.
WRVDYHWKHGHVWLQDWLRQWRWKH
IDYRXULWHV
2SWLRQFUHDWHDQHZIDYRXULWH
3UHVV
)DYRXULWHV
LQWKH1DYLJDWLRQ
PDLQPHQXSDJH
7KH)DYRXULWHVOLVWDSSHDUV
F+RPHDGGUHVVV\PERO
3UHVV
1HZIDYRXULWH
6HOHFWDQRSWLRQIURPWKHPHQX
6HOHFWLRQ 6WHS
(QWHUDQ
DGGUHVV
(QWHUWKHGHVWLQDWLRQ
DGGUHVVHJDVD
WRZQVWUHHWDQGKRXVH
QXPEHUSDJH
/DVWORFDњ
WLRQV
6HOHFWDGHVWLQDWLRQ
IURP/DVWORFDWLRQV
SDJH
6HOHFWLRQ 6WHS
&XUUHQW
SRVLWLRQ
6HOHFWWKHFXUUHQW
SRVLWLRQ
3RLQWVRI
LQWHUHVW
(QWHUDVSHFLDOGHVWL
QDWLRQSDJH
&RQWLQXHDVGHVFULEHGXQGHU2SWLRQ
DIWHUGHVWLQDWLRQHQWU\
5HQDPLQJDGHVWLQDWLRQLQIDYRXULWHV
3UHVVRQDGHVWLQDWLRQRUWKHHGLWV\PERO
WRWKHULJKWZKLOHWKH)DYRXULWHVOLVW
LVVKRZQ
7KH'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUV
3UHVV
5HQDPHIDYRXULWH
RU
5HQDPH
KRPHDGGUHVV
(QWHUDQHZQDPHIRUWKHIDYRXULWH3UR
FHHGDVGHVFULEHGXQGHU&KDUDFWHU
HQWU\LQWKH$WDJODQFHVHFWLRQ
SDJH
3UHVV
2.
DQGVDYHWKHGHVWLQDWLRQWRWKH
IDYRXULWHVZLWKDQHZQDPH
'HOHWLQJDGHVWLQDWLRQIURPWKHIDYRXU
LWHV
'HOHWLQJDOOGHVWLQDWLRQV
3UHVVeLQWKH)DYRXULWHVOLVW
7KH
$UH\RXVXUH\RXZDQWWRGHOHWH
DOOIDYRXULWHV"
PHVVDJHDSSHDUV
3UHVV
2.
$OOGHVWLQDWLRQVLQFOXGLQJDKRPH
DGGUHVVDUHGHOHWHGIURPWKHIDYRXULWHV
'HOHWLQJDGHVWLQDWLRQ
3UHVVWKHHGLWV\PERORQWKHULJKWKDQG
VLGHRIWKHGHVWLQDWLRQHQWU\LQWKH
)DYRXULWHVOLVW
3UHVVeRQWKHERWWRPULJKWRILQSXW
PHQX
7KHGHVWLQDWLRQLVGHOHWHGIURPWKH
IDYRXULWHV
 !!VPDUWKLJKOLQHUDGLR
0DSRSHUDWLRQDQGVHWWLQJV
1RWH
&RPSDQ\ORJRVGLVSOD\HGRQWKHPDSDUH
WUDGHPDUNVRIWKHUHVSHFWLYHFRPSDQLHV
DQGXVHGVROHO\IRUWKHSXUSRVHRILQGLFDW
LQJWKHORFDWLRQRIWKHVHFRPSDQLHV7KH
XVHRIVXFKORJRVRQWKHPDSGRHVQRWLQGL
FDWHDSSURYDORIVXSSRUWRIRUDGYHUWLVLQJ
E\WKHVHFRPSDQLHVIRUWKHQDYLJDWLRQV\V
WHPLWVHOI
6HWWLQJWKHPDSVFDOH
:KHQWKHPDSLVGLVSOD\HGSDJH
SUHVVZRU[
7KHVHFWLRQRIWKHPDSLVWKHQ]RRPHGLQ
RU]RRPHGRXW
3UHVVAWRUHWXUQWRWKHRULJLQDODXWR
]RRPYLHZ
0RYLQJWKHPDS
3UHVVRQWKHPDSSDJHDQGPRYHWKH
PDSXVLQJ\RXUILQJHU
7KHPDSPRYHVLQWKHUHOHYDQWGLUHFWLRQ
'LVSOD\
&DOOLQJXSWKH'LVSOD\PHQX
3UHVVWKHV\PEROLQWKH1DYLJD
WLRQPDLQPHQXSDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
'LVSOD\
7KH'LVSOD\PHQXDSSHDUV
!!VPDUWKLJKOLQHUDGLR 
([SODQDWLRQRIIXQFWLRQV
)XQFWLRQ ([SODQDWLRQ 6WHS
'LVSOD\W\SH
(QDEOHVGLIIHUHQWGLV
SOD\VGXULQJURXWH
JXLGDQFH
3UHVV
'LVSOD\W\SH
6HOHFW
0DSRQO\

7XUQ,FRQV
RU
&RPSDVV
0DSYLHZ
(QDEOHVGLIIHUHQWPDS
RULHQWDWLRQV
3UHVV
0DSYLHZ
6HOHFW
$OLJQPDSQRUWKZDUGV
0DSLQGULYLQJGLUHFWLRQ

0DS
GLVSOD\G\QDPLF
RU
'PDS
1RUWKXSWKHPDSLVGLVSOD\HGVRWKDW
QRUWKLVDWWKHWRSWKHSRLQWRIWKH
QRUWKDUURZDOZD\VSRLQWVXS
0DSLQGULYLQJGLUHFWLRQWKHPDSLV
GLVSOD\HGVRWKDWWKHKHDGLQJLV
DOZD\VXS7KHQRUWKDUURZWXUQV7KH
SRLQWRIWKHFXUUHQWYHKLFOHSRVLWLRQ
DOZD\VSRLQWVXS
'\QDPLFPDSZKHQDVPDOOHUPDS
VFDOHLVXVHGHJZKHQGULYLQJRQWKH
PRWRUZD\WKHPDSLVGLVSOD\HGVR
WKDWQRUWKLVDOZD\VXSLQRUGHUWR
PDNHRULHQWDWLRQHDVLHU
'PDSWKHPDSLVVKRZQIURPWKH
ELUGVH\HYLHZ
$XWR]RRP
([SHUW
PRGH
6HOHFWVKRZPXFKDPDS
VHFWLRQZLOOEH]RRPHG
LQEHIRUHDFKDQJHLQ
GLUHFWLRQ
3UHVV
$XWR]RRP
6HOHFW
QHDUE\

0LGGOH
RU
IDU
0DSFRORXUV
([SHUW
PRGH
6HWVWKHGLVSOD\WRGD\
RUQLJKWGLVSOD\RU
VZLWFKHVDXWRPDWL
FDOO\
3UHVV
0DSFRORXUV
3UHVV
$XWRPDWLF

'D\GHVLJQ
RU
1LJKWGHVLJQ
LQWKHOLVW
$XWRPDWLFWKHGLVSOD\GHVLJQ
FKDQJHVGHSHQGLQJRQWKHEULJKWQHVV
GHWHUPLQHGE\WKHOLJKWVHQVRU
'D\GHVLJQWKHGLVSOD\LVDOZD\VVHW
WRGD\GHVLJQ
1LJKWGHVLJQWKHGLVSOD\LVDOZD\V
VHWWRQLJKWGHVLJQ
 !!VPDUWKLJKOLQHUDGLR
3URJUDPPHVHWWLQJV
&DOOLQJXSWKH3URJUDPPHVHWWLQJVPHQX
3UHVVWKHV\PEROLQWKH1DYLJD
WLRQPDLQPHQXSDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
3URJUDPPHVHWWLQJV
7KH3URJUDPPHVHWWLQJVPHQXDSSHDUV
!!VPDUWKLJKOLQHUDGLR 
([SODQDWLRQRIIXQFWLRQV
)XQFWLRQ ([SODQDWLRQ 6WHS
8QLWV
6HOHFWNPGLVSOD\PHW
ULFRUPLGLVSOD\LPSH
ULDOIRUWKHPDS
PL PLOHV
3UHVV
8QLWV
7KHVHWWLQJVZLWFKHVEHWZHHQPHW
ULFDQGLPSHULDO
,QIR
6KRZVWKHUHVSHFWLYHPDS
GDWDYHUVLRQIRUDOOFRXQ
WULHVFRQWDLQHGLQWKHPDS
3UHVV
,QIR
3UHVV<RU=WRVFUROOLQWKH
OLVW
6SHHGOLPLW
([SHUWPRGH
7KHPD[LPXPSHUPLVVLEOH
VSHHGLVVKRZQZKHQWKH
FRUUHVSRQGLQJPDSGDWD
LVDYDLODEOHDQGWKH
6SHHGOLPLW
IXQFWLRQLV
QRWGHDFWLYDWHG
$ZDUQLQJWRQHVRXQGVLI
WKHPD[LPXPSHUPLVVLEOH
VSHHGLVH[FHHGHGDQGRQH
RIWKH
:DUQLQJDW[NP
K
VHWWLQJVLVDFWLYDWHG
G7KHPD[LPXPSHUPLV
VLEOHVSHHGGLVSOD\PD\
GLIIHUIURPWKHDFWXDO
WUDIILFVLWXDWLRQHJ
DVDUHVXOWRILQFRUUHFW
PDSGDWD
3UHVV
6SHHGOLPLW
3UHVV
:DUQLQJDW[NPK
VHYHUDO
VHWWLQJVSRVVLEOH
6KRZZLWKњ
RXWZDUQLQJ
RU
'RQRWVKRZ
LQ
WKHOLVW
<RXUGHYLFHFRGH
7KHGHYLFHFRGHLV
UHTXLUHGIRUPDSXSGDWHV
3UHVV
<RXUGHYLFHFRGH
7KHGHYLFHFRGHLVVKRZQ
G7KH
3ORW*36WUDFN
IXQFWLRQ([SHUWPRGHLVGHVFULEHGLQWKH5RXWHJXLGDQFH
VHFWLRQSDJH
6SHFLDOGHVWLQDWLRQRQWKHPDS([SHUW
PRGH
'LVSOD\LQJVSHFLDOGHVWLQDWLRQV\PEROVRQ
WKHPDS
6SHFLDOGHVWLQDWLRQVDUHIRUH[DPSOH
5HVWDXUDQW1LJKWOLIH

6KRSSLQJ
FHQWUH

&LQHPD
RU
3HWUROVWDWLRQ
7KH
FRUUHVSRQGLQJV\PEROVFDQEHGLVSOD\HGRQ
WKHPDS
G7KHV\PEROVDUHQRWVKRZQRQDOOPDS
VFDOHV
3UHVVWKHV\PEROLQWKH1DYLJD
WLRQPDLQPHQXSDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
3RLQWVRILQWHUHVWLQWKH
PDS
7KH6SHFLDOGHVWLQDWLRQVRQWKHPDS
PHQXDSSHDUV,WVKRZVWKHDYDLODEOHFDW
HJRULHV
 !!VPDUWKLJKOLQHUDGLR
7RVFUROOLQWKHOLVWSUHVV<
RU=
6ZLWFKLQJFDWHJRU\GLVSOD\RQRIISUHVV
RQDV\PERO
'HSHQGLQJRQWKHSUHYLRXVVHWWLQJWKH
GLVSOD\LVVZLWFKHGRQRURII
%OXHWLFN DOOVXEHQWULHVDUH
VKRZQ
:KLWHWLFN 6RPHRIWKHVXE
HQWULHVDUHVKRZQ
7RFDOOXSDVXEFDWHJRU\SUHVVWKHFDW
HJRU\QDPHV
'HSHQGLQJRQWKHFDWHJRU\VXEFDWHJR
ULHVDUHVKRZQIRUVHOHFWLRQ
G&KDQJHVZLWKLQDFDWHJRU\PD\DOVRKDYH
DQLPSDFWRQRWKHUFDWHJRULHV
9RLFHFRQWUROV\VWHP
$WDJODQFH
2YHUYLHZ
<RXFDQRSHUDWHQDYLJDWLRQXVLQJWKHYRLFH
FRQWUROV\VWHP$YDLODEOHFRPPDQGVDUH
VKRZQLQWKHLQGLYLGXDOGLVSOD\VDQGDUH
DQQRXQFHGLQVRPHPHQXV
6D\WKHFRPPDQGVZLWKRXWSDXVLQJEHWZHHQ
LQGLYLGXDOZRUGV
7KHYRLFHFRQWUROV\VWHPFRQILUPVLPSRU
WDQWFRPPDQGVDQGJLYHVLQVWUXFWLRQVZKHQ
HQWULHVDUHXQVXFFHVVIXO
,I\RXJLYHWKHFRPPDQGXQFOHDUO\RUJLYH
DQRQH[LVWHQWRULQFRUUHFWFRPPDQGWKH
GHYLFHUHVSRQGVZLWK3OHDVHUHSHDW\RXU
FRPPHQW
7KHIROORZLQJODQJXDJHVDUHDYDLODEOH
=*HUPDQ
=(QJOLVK
=)UHQFK
=,WDOLDQ
='XWFK
=3RUWXJXHVH
=6SDQLVK
6ZLWFKLQJWKHYRLFHFRQWUROV\VWHPRQ
6ZLWFKQDYLJDWLRQPRGHRQSDJH
DQGFDOOXSWKH1DYLJDWLRQPDLQPHQX
3UHVVWKHGLVSOD\IRUORQJHUWKDQVHF
RQGV
7KHYRLFHFRQWUROV\VWHPLVVZLWFKHGRQ
7KHDYDLODEOHFRPPDQGVDUHVKRZQDV
OLJKWEOXHVSHHFKEXEEOHV$QDFWLYH
DXGLRVRXUFHLVPXWHG
!!VPDUWKLJKOLQHUDGLR 
<RXFDQVWDUWWKHYRLFHFRQWUROV\VWHPLQ
WKLVZD\IURPDQ\QDYLJDWLRQGLVSOD\
7KHFRPPDQGVGHSHQGRQWKHUHOHYDQW1DY
LJDWLRQPHQX$OOWKHIXQFWLRQVDYDLODEOH
IRUPDQXDOLQSXWDUHDOVRDYDLODEOHZLWK
WKHYRLFHFRQWUROV\VWHP
6ZLWFKLQJWKHYRLFHFRQWUROV\VWHPRII
6D\&DQFHO
7KHYRLFHFRQWUROV\VWHPLVVZLWFKHGRII
RU
3UHVVDPHQXRSWLRQ
7KHYRLFHFRQWUROV\VWHPLVVZLWFKHGRII
DQGWKHVHOHFWHGIXQFWLRQLVFDUULHGRXW
G7KHYRLFHFRQWUROV\VWHPLVVZLWFKHGRII
DXWRPDWLFDOO\DWWKHHQGRIDQLQSXW
VHTXHQFHHJZKHQVWDUWLQJURXWHJXLG
DQFH
$GMXVWVWKHYROXPH
6WDUWWKHGLDORJXH
6D\DFRPPDQGHJ0DLQPHQX
6HWWKHYROXPHE\WXUQLQJ[WKHFRQ
WURONQRE
7KHYROXPHLQFUHDVHVRUGHFUHDVHVGXU
LQJWKHYRLFHRXWSXW
&RQWUROV
3OHDVHEHDUWKHIROORZLQJLQPLQG
5LVNRIDFFLGHQW
7KHQDYLJDWLRQV\VWHPFDQQRWWDNHWKHSUH
YDLOLQJWUDIILFVLWXDWLRQLQWRDFFRXQWRU
UHFRJQLVHDQ\GDQJHUVRUREVWDFOHV<RX
PXVWWKHUHIRUHEHFRQVWDQWO\DZDUHRIWKH
SUHYDLOLQJURDGDQGWUDIILFFRQGLWLRQVVR
WKDW\RXFDQUHFRJQLVHDQ\GDQJHUVDQG
UHDFWWRWKHP
7KHURXWHJXLGDQFHRQO\SURYLGHVUHFRP
PHQGDWLRQV<RXPXVWDOZD\VFRPSO\ZLWK
WKHQDWLRQDOURDGWUDIILFUHJXODWLRQVDQG
DGDSW\RXUGULYLQJVW\OHWRWKHSUHYDLOLQJ
FRQGLWLRQV<RXFRXOGRWKHUZLVHEHFRPH
LQYROYHGLQDQDFFLGHQWLQZKLFK\RXRU
RWKHUVFRXOGEHLQMXUHG
*HQHUDOFRPPDQGV
9RLFHFRPPDQGVDUHPDUNHGE\bLQWKLV
PDQXDO7KHIROORZLQJYRLFHFRQWUROVDUH
DOZD\VDYDLODEOH
=b%DFN
7KHSUHYLRXVPHQXLVVKRZQ
=b&DQFHO
7KHYRLFHFRQWUROV\VWHPLVVZLWFKHGRII
=b+HOS
7KHYRLFHFRQWUROV\VWHPVWDUWVWKHKHOS
IXQFWLRQ<RXFDQXVHWKH+HOSFRPPDQG
WRKDYHDOORIWKHEDVLFFRPPDQGVUHDG
RXW
=b0DLQPHQX
7KH1DYLJDWLRQPDLQPHQXLVGLV
SOD\HG
$QQRXQFHPHQWRIWKHDYDLODEOHFRPPDQGV
,QVRPHPHQXVHJWKH1DYLJDWLRQPDLQ
PHQXSDJHWKHYRLFHFRQWUROV\VWHP
LQIRUPV\RXRIWKHDYDLODEOHFRPPDQGV
9RLFHFRQWUROV\VWHPYRLFHRXWSXWVKDYHWKH
V\PEROLQWKLVPDQXDO
([DPSOHDQQRXQFHPHQWLQWKH1DYLJD
WLRQPDLQPHQX([SHUWPRGH
+HUH\RXFDQVD\HQWHUDGGUHVV
SUHYLRXVWRZQVIDYRXULWHVFKDQJH
URXWHURXWHLQIRUPDWLRQVSHFLDO
GHVWLQDWLRQVURXWHJXLGDQFHVWRS
URXWHJXLGDQFHVHWWLQJVPDSRU
SUHYLRXVGHVWLQDWLRQ
'LDORJXHH[DPSOH
'LVSOD\VKDYHWKHV\PEROLQWKLVPDQ
XDO
(QWHULQJWKHDGGUHVVDQGFDOFXODWLQJWKH
URXWH
b(QWHULQJDQDGGUHVV
7KH(QWHULQJDQHZGHVWLQDWLRQ
PHQXDSSHDUV
3OHDVHPDNHDVHOHFWLRQ
b(QWHUWRZQ
7KH(QWHUWRZQPHQXDSSHDUV
 !!VPDUWKLJKOLQHUDGLR
6D\WKHQDPHRIWKHWRZQ
b%HUOLQ
7KHV\VWHPVKRZVDQXPEHUHGOLVWRI
WRZQQDPHVLQWKHGLVSOD\
3OHDVHVHOHFWDQHQWU\QXPEHUIURP
WKHOLVW
b6D\WKHQXPEHU
1DPHWKHVWUHHW
b8QWHUGHQ/LQGHQ
7KHV\VWHPVKRZVDQXPEHUHGOLVWRI
VWUHHWQDPHVLQWKHGLVSOD\
3OHDVHVHOHFWDQHQWU\QXPEHUIURP
WKHOLVW
b6D\WKHQXPEHU
1DPHWKHKRXVHQXPEHU
b6D\DKRXVHQXPEHU
7KHV\VWHPVKRZVDQXPEHUHGOLVWRI
KRXVHQXPEHUVLQWKHGLVSOD\
3OHDVHVHOHFWDQHQWU\QXPEHUIURP
WKHOLVW
b6D\WKHQXPEHU
7KHDGGUHVVLVQRZFRPSOHWHDQGWKH
'HWDLOHGLQIRUPDWLRQPHQX
DSSHDUV
:RXOG\RXOLNHDURXWHWREHFDOFX
ODWHGIRUWKLVGHVWLQDWLRQ"
b<HV
5RXWHFDOFXODWLRQFRPSOHWH
b6WDUWURXWHJXLGDQFH
7HOHSKRQH
*HQHUDOQRWHV
,QWURGXFWLRQ
7HOHSKRQ\YLDWKH%OXHWRRWKLQWHUIDFHLV
DYDLODEOHLQFRQMXQFWLRQZLWKD%OXH
WRRWKFDSDEOHSKRQH:LWKDVXLWDEOH
PRELOHSKRQH\RXFDQXVHWKHKDQGVIUHH
V\VWHPYLDWKH%OXHWRRWKLQWHUIDFHDQG
GRZQORDGFRQWDFWVIURPWKHPRELOHSKRQH
HJYLD3%$33KRQH%RRN$FFHVV3URILOH
)RUPRUHLQIRUPDWLRQRQVXLWDEOHPRELOH
SKRQHVDQGRQFRQQHFWLQJWKH%OXHWRRWK
PRELOHSKRQHWRWKHVPDUWKLJKOLQHUDGLR
FRQWDFW\RXUVPDUW&HQWUH
6DIHW\QRWHV
5LVNRIDFFLGHQW
<RXPXVWREVHUYHWKHOHJDOUHTXLUHPHQWV
IRUWKHFRXQWU\LQZKLFK\RXDUHFXUUHQWO\
GULYLQJZKHQRSHUDWLQJPRELOHFRPPXQL
FDWLRQVHTXLSPHQWLQWKHYHKLFOH
,ILWLVSHUPLWWHGWRRSHUDWHFRPPXQLFD
WLRQVHTXLSPHQWZKLOHWKHYHKLFOHLVLQ
PRWLRQ\RXPD\RQO\RSHUDWHVXFKHTXLS
PHQWZKHQURDGDQGWUDIILFFRQGLWLRQVSHU
PLW<RXPD\RWKHUZLVHEHGLVWUDFWHGIURP
WKHWUDIILFFRQGLWLRQVFDXVHDQDFFLGHQW
DQGLQMXUH\RXUVHOIDQGRWKHUV
7ZRZD\UDGLRVRUID[PDFKLQHVZLWKRXW
ORZUHIOHFWLRQH[WHULRUDHULDOVPD\LQWHU
IHUHZLWKWKHYHKLFOHHOHFWURQLFVDQG
WKHUHE\FRPSURPLVHWKHRSHUDWLRQDOVDIHW\
RIWKHYHKLFOHDQG\RXUVDIHW\7KHUHIRUH
RQO\XVHWKHVHLIWKH\DUHSURSHUO\FRQQHF
WHGWRDVHSDUDWHORZUHIOHFWLRQH[WHULRU
DHULDO
5LVNRILQMXU\
([FHVVLYHHOHFWURPDJQHWLFUDGLDWLRQPD\
FRQVWLWXWHDKHDOWKKD]DUGWR\RXUVHOIDQG
RWKHUV8VHRIDQH[WHULRUDHULDOJLYHVFRQ
VLGHUDWLRQWRWKHFXUUHQWVFLHQWLILFGLV
FXVVLRQVXUURXQGLQJWKHSRVVLEOHKHDOWK
ULVNSRVHGE\HOHFWURPDJQHWLFILHOGV
*HQHUDOQRWHV
&DOOGLVFRQQHFWLRQZKLOHWKHYHKLFOHLVLQ
PRWLRQ
$FDOOPD\EHGLVFRQQHFWHGLI
=WKHPRELOHSKRQHEDWWHU\LVQRWVXIIL
FLHQWO\FKDUJHG
=WKHUHLVLQVXIILFLHQW*60QHWZRUNFRY
HUDJHLQFHUWDLQDUHDV
!!VPDUWKLJKOLQHUDGLR 
=\RXPRYHIURPRQH*60WUDQVPLW
WHUUHFHLYHUDUHD*60FHOOLQWR
DQRWKHUDQGQRFKDQQHOVDUHIUHH
=\RXXVHD6,0FDUGZKLFKLVQRWFRPSDW
LEOHZLWKWKHDYDLODEOHQHWZRUN
=\RXDUHXVLQJDPRELOHSKRQHZLWK7ZLQ
FDUGDQGWKHPRELOHSKRQHZLWKWKHVHF
RQG6,0FDUGLVDOUHDG\ORJJHGLQWRWKH
QHWZRUN
)XQFWLRQUHVWULFWLRQV
<RXZLOOQRWEHDEOHWRXVHWKHWHOHSKRQH
ZLOOQRORQJHUEHDEOHWRXVHWKHWHOHSKRQH
RU\RXPD\KDYHWRZDLWEHIRUHXVLQJLWLQ
WKHIROORZLQJVLWXDWLRQV
=LIWKHPRELOHSKRQHLVQRWVZLWFKHGRQ
=ZKHQWKH%OXHWRRWKIXQFWLRQLV
VZLWFKHGRIILQWKHPRELOHSKRQH
=LIWKHPRELOHSKRQHLVQRWORJJHGLQWRD
PRELOHSKRQHQHWZRUN
7KHWHOHSKRQHDXWRPDWLFDOO\WULHVWRORJ
RQWRDQHWZRUN,IQRQHWZRUNLVDYDLOD
EOH\RXZLOOQRWEHDEOHWRPDNHD
RUHPHUJHQF\FDOO
=,I\RXVZLWFKRIIWKHVPDUWKLJKOLQH
UDGLRGXULQJDFDOOLQKDQGVIUHHPRGH
WKHFDOOLVWUDQVIHUUHGWRWKHPRELOH
SKRQH
RUHPHUJHQF\FDOO
0DNLQJHPHUJHQF\FDOOVZLWKRXWHQWHULQJD
3,1LVRQO\SRVVLEOHXVLQJWKHPRELOH
SKRQH
7KHIROORZLQJFRQGLWLRQVPXVWEHIXOILOOHG
LQRUGHUWRPDNHDHPHUJHQF\FDOO
=WKHPRELOHSKRQHPXVWEHVZLWFKHGRQ
=DQHWZRUNPXVWEHDYDLODEOH
=DYDOLGDQGRSHUDWLRQDO6,0FDUGPXVWEH
LQVHUWHGLQWKHPRELOHSKRQH
=WKH3,1PXVWKDYHEHHQHQWHUHG
,I\RXFDQQRWPDNHDQHPHUJHQF\FDOO\RX
PXVWDUUDQJHUHVFXHPHDVXUHV\RXUVHOI
7KHHPHUJHQF\FDOOQXPEHULVDSXEOLF
VHUYLFH$Q\PLVXVHLVSXQLVKDEOHE\ODZ
%OXHWRRWKLQWHUIDFHWHOHSKRQ\
&RQGLWLRQV
7RXVH%OXHWRRWKLQWHUIDFHWHOHSKRQ\LQ
FRQMXQFWLRQZLWKWKHVPDUWKLJKOLQHUDGLR
\RXQHHGD%OXHWRRWKFDSDEOHPRELOH
SKRQH
1RWDOOPRELOHSKRQHVDYDLODEOHRQWKH
PDUNHWDUHHTXDOO\VXLWDEOH)RUPRUH
LQIRUPDWLRQRQVXLWDEOHPRELOHSKRQHVDQG
RQFRQQHFWLQJWKH%OXHWRRWKPRELOHSKRQH
WRWKHVPDUWKLJKOLQHUDGLRFRQWDFW\RXU
VPDUW&HQWUH
7KHEDWWHU\RIWKHPRELOHSKRQHVKRXOG
DOZD\VEHNHSWVXIILFLHQWO\FKDUJHGLQ
RUGHUWRSUHYHQWPDOIXQFWLRQV
,QSUHSDUDWLRQIRUWHOHSKRQLQJYLDWKH
%OXHWRRWKLQWHUIDFH\RXVKRXOGFKHFNWKH
IROORZLQJLWHPVRQ\RXUPRELOHSKRQHVHH
WKHPRELOHSKRQHRSHUDWLQJLQVWUXFWLRQV
+DQGV)UHH3URILOH
7KHPRELOHSKRQHPXVWVXSSRUW+DQGV
)UHH3URILOHRUDERYH
G6RPHGLVSOD\VGHSHQGRQWKHVXSSRUWHG
YHUVLRQRIWKH+DQGVIUHH3URILOH
%OXHWRRWKYLVLELOLW\
2QFHUWDLQPRELOHSKRQHVWKHGHYLFH
LWVHOIPXVWEHPDGHYLVLEOHIRURWKHU
GHYLFHVDVZHOODVDFWLYDWLQJWKH%OXH
WRRWKIXQFWLRQVHHWKHPRELOHSKRQH
RSHUDWLQJLQVWUXFWLRQV
%OXHWRRWKGHYLFHQDPH
(YHU\%OXHWRRWKGHYLFHKDVLWVRZQ%OXH
WRRWKGHYLFHQDPH7KLVGHYLFHQDPHLV
IUHHO\GHILQDEOHEXWFDQEHLGHQWLFDO
IRUDOOGHYLFHVIURPWKHVDPHPDQXIDF
WXUHU,WLVWKHUHIRUHUHFRPPHQGHGWKDW
\RXFKDQJHWKLVQDPHVRWKDW\RXFDQHDV
LO\UHFRJQLVH\RXUPRELOHSKRQHVHHWKH
PRELOHSKRQHRSHUDWLQJLQVWUXFWLRQV
 !!VPDUWKLJKOLQHUDGLR
5HJLVWHULQJDQGFRQQHFWLQJWKHPRELOH
SKRQH
*HQHUDOLQIRUPDWLRQ
<RXZLOOQHHGWRUHJLVWHU\RXUPRELOHSKRQH
EHIRUHXVLQJLWZLWKWKHVPDUWKLJKOLQH
UDGLRIRUWKHILUVWWLPH7KHPRELOHSKRQH
LVWKHQHQWHUHGLQWKHVPDUWKLJKOLQH
UDGLRV%OXHWRRWKSKRQHOLVW
7KLVSURFHVVLQFOXGHV
=WKHVHDUFKE\WKH%OXHWRRWKPRELOH
SKRQH
=VXEVHTXHQWUHJLVWUDWLRQ
,I\RXZDQWWRUHFRQQHFWDSKRQHWKDWKDV
DOUHDG\EHHQUHJLVWHUHGLWLVFRQQHFWHG
DXWRPDWLFDOO\
7KH%OXHWRRWKGHYLFHQDPHIRUWKHVPDUW
KLJKOLQHUDGLRLV
VPDUW5DGLR
<RXFDQUHJLVWHUDPD[LPXPRIILYH%OXH
WRRWKGHYLFHVPRELOHSKRQHVDQG%OXH
WRRWKDXGLRGHYLFHV
G,IWKH
VPDUW5DGLR
%OXHWRRWKGHYLFH
QDPHLVDOUHDG\LQWKH%OXHWRRWKGHYLFH
OLVWLWPD\QRWEHSRVVLEOHWRFRQQHFWD
PRELOHSKRQH
6HDUFKLQJIRUDQGUHJLVWHULQJDPRELOH
SKRQH
3UHVV
0RELOHSKRQH
LQWKHPDLQPHQX
SDJH
7KH7HOHSKRQHPHQXDSSHDUV
3UHVV
2SWLRQV
LQWKHWHOHSKRQHPHQX
7KH%OXHWRRWKVHWWLQJVPHQXDSSHDUV
3UHVV
1HZGHYLFH
LQWKHPHQX
1HZGHYLFHPHQXIRU%OXHWRRWKFRQQHFWLRQ
3UHVV
0RELOHSKRQH
7KH
3OHDVHVWDUWVHDUFKLQJIURP
PRELOHGHYLFH3,1[[[[
PHVVDJH
DSSHDUV
7RVWDUWDVHDUFKVWDUWWKH%OXHWRRWK
VHDUFKRQWKHPRELOHSKRQHVHHPRELOH
SKRQHRSHUDWLQJLQVWUXFWLRQV
([DPSOHLQSXWVHOHFWWKH1HZGHYLFH
HQWU\LQWKHPRELOHSKRQHV%OXHWRRWK
GHYLFHOLVW
7KHPRELOHSKRQHVWDUWVWKHVHDUFKIRU
%OXHWRRWKGHYLFHVZLWKLQUDQJH,IWKH
VPDUWUDGLRLVIRXQGWKH%OXHWRRWK
GHYLFHQDPH
VPDUW5DGLR
DSSHDUVLQWKH
PRELOHSKRQHV%OXHWRRWKGHYLFHOLVW
6HOHFWWKHVPDUWKLJKOLQHUDGLRRQWKH
PRELOHSKRQH
7RUHJLVWHUDPRELOHSKRQHHQWHUWKH3,1
WKDWLVVKRZQLQWKHVPDUWKLJKOLQHUDGLR
GLVSOD\LQWRWKHPRELOHSKRQHDQGFRQ
QHFWWKHPRELOHSKRQH
7KHIROORZLQJPHVVDJHVDUHVKRZQRQH
DIWHUDQRWKHULQWKHVPDUWKLJKOLQH
UDGLRGLVSOD\ZKHQUHJLVWHULQJ
=
&DOOLQJ
=
3KRQHFRQQHFWHG'HYLFHQDPH!
7KH/('OLJKWVXSEOXH
=
&DOOKLVWRU\GRZQORDGLQJ
=
'RZQORDGLQJSKRQHERRN
7KH%OXHWRRWKGHYLFHQDPHIRUWKH
PRELOHSKRQHLVHQWHUHGLQWKHVPDUW
KLJKOLQHUDGLRVWHOHSKRQHGHYLFHOLVW
!!VPDUWKLJKOLQHUDGLR 
7KHPRELOHSKRQHLVUHJLVWHUHGRQWKH
VPDUWKLJKOLQHUDGLR
G,I\RXFRQQHFWDPRELOHSKRQHZLWKWKH
%OXHWRRWKDXGLRIXQFWLRQWKH
6WUHDPњ
LQJFRQQHFWHG
PHVVDJHDOVRDSSHDUV
/('GLVSOD\IRU%OXHWRRWKFRQQHFWLRQ
7KH/('VKRZVZKHWKHUD%OXHWRRWKGHYLFH
LVFRQQHFWHGRUQRWSDJH
/('GLVSOD\ ([SODQDWLRQ
%OXH %OXHWRRWKGHYLFH
PRELOHSKRQHDXGLR
HTXLSPHQWLVFRQQHFWHG
)ODVKHVEOXH %OXHWRRWKFRQQHFWLRQLV
EHLQJHVWDEOLVKHG
1RGLVSOD\
GDUN
1R%OXHWRRWKGHYLFHLV
FRQQHFWHG
6HOHFWLQJDPRELOHSKRQHIURPWKHWHOH
SKRQHGHYLFHOLVW
,I\RXKDYHUHJLVWHUHGPXOWLSOHPRELOH
SKRQHV\RXFDQVHOHFWDPRELOHSKRQHIURP
WKH%OXHWRRWKWHOHSKRQHOLVWDQGFRQQHFW
LWWRWKHVPDUWKLJKOLQHUDGLR
G<RXFDQRQO\VZLWFKWRDQRWKHUUHJLV
WHUHGPRELOHSKRQHLIQRSKRQHFDOOLV
DFWLYH
3UHVV
0RELOHSKRQH
LQWKHPDLQPHQX
SDJH
7KH7HOHSKRQHPHQXDSSHDUV
3UHVV
2SWLRQV
LQWKHWHOHSKRQHPHQX
7KH%OXHWRRWKVHWWLQJVPHQXDSSHDUV
3UHVV
'HYLFHOLVW
LQWKHPHQX
6HOHFWDQHQWU\
'HSHQGLQJRQWKHFRQQHFWLRQVWDWXVRQH
RIWKHIROORZLQJGLVSOD\VLVVKRZQH[DP
SOHDQG
0RELOHSKRQHQRWFRQQHFWHGH[DPSOH
F&RQQHFWLQJDPRELOHSKRQH
,QWKLVGLVSOD\WKHPRELOHSKRQHFDQEH
=FRQQHFWHGWRWKHVPDUWKLJKOLQHUDGLR
=GHWHUPLQHGDVDPDVWHUGHYLFH
SDJH
=GHUHJLVWHUHGSDJH
7RFRQQHFWSUHVVV\PEROF
7KH
&DOOLQJ
PHVVDJHDSSHDUV
:KHQWKHPRELOHSKRQHLVFRQQHFWHGWKH
3KRQHFRQQHFWHG'HYLFHQDPH!
PHV
VDJHDSSHDUV
 !!VPDUWKLJKOLQHUDGLR
7KHPRELOHSKRQHLVFRQQHFWHGDQGVXSSRUWHG
%OXHWRRWKIHDWXUHVDUHGLVSOD\HGH[DPSOH
F'LVFRQQHFWVWKHPRELOHSKRQH
G'HWHUPLQHVDPDVWHUGHYLFH
'HUHJLVWHULQJDPRELOHSKRQH
G7KHVXSSRUWHG%OXHWRRWKIHDWXUHVDUH
GLVSOD\HGDIWHUD%OXHWRRWKDXGLR
GHYLFHLVFRQQHFWHG
,QWKLVGLVSOD\WKHPRELOHSKRQHFDQEH
=GHWHUPLQHGDVDPDVWHUGHYLFH
SDJH
=GHUHJLVWHUHGSDJH
=GLVFRQQHFWHGIURPWKHVPDUWKLJKOLQH
UDGLR
7RGLVFRQQHFWDPRELOHSKRQHSUHVVV\P
EROF
7KHPRELOHSKRQHLVQRORQJHUFRQQHFWHG
WRWKHVPDUWKLJKOLQHUDGLREXWLVVWLOO
HQWHUHGLQWKHWHOHSKRQHGHYLFHOLVWDQG
FDQEHFRQQHFWHGDJDLQODWHU
'HWHUPLQHVDPDVWHUGHYLFH
<RXFDQGHWHUPLQHDPRELOHSKRQHDVDPDV
WHUGHYLFHEXWQRWD%OXHWRRWKDXGLR
GHYLFH$PDVWHUGHYLFHLVJLYHQSULRULW\
ZKHQUHFRQQHFWLQJDXWRPDWLFDOO\
3UHVVV\PEROGLQH[DPSOH
7KHVHOHFWHGPRELOHSKRQHLVHQWHUHGLQ
WKHWHOHSKRQHGHYLFHOLVWDVDPDVWHU
GHYLFH
$XWRPDWLFUHFRQQHFWLRQ
7KHVPDUWKLJKOLQHUDGLRVHDUFKHVIRUD
PDVWHUGHYLFHDXWRPDWLFDOO\ZKHQLWLV
VZLWFKHGRII,IQRPDVWHUGHYLFHLVGHWHU
PLQHGWKHWHOHSKRQHGHYLFHOLVWLV
VHDUFKHGIRUDPRELOHSKRQHDQGWKH%OXH
WRRWKGHYLFHOLVWLVVHDUFKHGIRUDQDXGLR
GHYLFH
'HUHJLVWHULQJDPRELOHSKRQH
<RXFDQHLWKHUGHUHJLVWHUDQLQGLYLGXDO
PRELOHSKRQHRUGHOHWHDOOPRELOHSKRQHV
IURPWKHWHOHSKRQHGHYLFHOLVW%OXH
WRRWKDXGLRGHYLFHVFDQEHGHOHWHGIURP
WKHFRUUHVSRQGLQJGLVSOD\LQWKHVDPHZD\
7RGHUHJLVWHUDPRELOHSKRQHSUHVV
LQH[DPSOH
7KH
3OHDVHFRQILUPWRGHOHWH
PHVVDJH
DSSHDUV
3UHVV
2.
7KH
'HOHWHG
PHVVDJHDSSHDUV
7KHPRELOHSKRQHGLVSOD\VKRZVDPHV
VDJHWKDWFRQQHFWLRQZLWKWKHVPDUWUDGLR
ZDVWHUPLQDWHG
7RGHUHJLVWHUDOOPRELOHSKRQHVSUHVV
eLQWKHWHOHSKRQHGHYLFHOLVW
3OHDVHFRQILUPWRGHOHWHDOO
3UHVV
2.
7KH
'HOHWHG
PHVVDJHDSSHDUV
!!VPDUWKLJKOLQHUDGLR 
7HOHSKRQHRSHUDWLRQ
,QFRPLQJFDOO
5HMHFWLQJRUDFFHSWLQJDFDOO
:KHQDFDOOLVEHLQJUHFHLYHGWKH
,QFRPњ
LQJFDOO
PHVVDJHLVVKRZQ(LWKHUWKH
SKRQHQXPEHUWKHQDPHRU
8QNQRZQ
LV
VKRZQLQWKHGLVSOD\SKRQHQXPEHULVQRW
VHQW
7RUHMHFWSUHVVe
7RDFFHSWSUHVV
2.
2QFH\RXKDYHDFFHSWHGWKHFDOO\RXFDQ
XVHKDQGVIUHHPRGH
6HWWKHFDOOYROXPHE\WXUQLQJ
[WKHFRQWURONQRE
)RUPRUHLQIRUPDWLRQVHHWKH)XQFWLRQV
GXULQJDFDOOVHFWLRQSDJH
$IWHUWKHFDOOLVILQLVKHGWKHSUHYLRXV
GLVSOD\LVVKRZQDJDLQ
0DNLQJDFDOO
3UHVV
7HOHSKRQH
LQWKHPDLQPHQX
SDJH
7KH7HOHSKRQHPHQXDSSHDUV
3UHVV
1XPEHU
$QLQSXWPHQXDSSHDUV
7\SHLQWKHSKRQHQXPEHU3UHVVDQGKROG
WRHQWHU
7KHSKRQHQXPEHULVVKRZQDWWKHWRSOHIW
7RGHOHWHDQXPEHUSUHVVV\PEROe
7RGHOHWHDSKRQHQXPEHUSUHVVDQGKROG
V\PEROeXQWLOWKHFDOOQXPEHUKDV
EHHQGHOHWHG
7RVWRUHDSKRQHQXPEHULQWKHUDGLR
SUHVVWKHPHPRU\FDUGV\PERO
(QWHUDQDPHDQGWKHQSUHVV
2.
7KHFRQWDFWLVVWRUHGLQ5DGLRSKRQH
ERRN&RQWDFWV,,SDJH
7RPDNHDFDOOSUHVVo
7KH
&DOOLQJ1DPH!
PHVVDJH
DSSHDUV
 !!VPDUWKLJKOLQHUDGLR
)XQFWLRQVDYDLODEOHGXULQJDFDOO
7UDQVIHUULQJDKDQGVIUHHFDOOWRWKH
PRELOHSKRQH
7KHGLVSOD\VKRZVHLWKHUWKHSKRQHQXPEHU
RUWKHQDPH
7KHIROORZLQJLQIRUPDWLRQLVVKRZQLQWKH
GLVSOD\GXULQJDFDOO
=W\SHRIFRQQHFWLRQKDQGVIUHHPRELOH
SKRQH
=QDPHRUSKRQHQXPEHURIWKHFDOOHU
=FDOOGXUDWLRQ
3UHVVWKHV\PERORQWKHERWWRPULJKW
<RXDUHQRZFRQGXFWLQJWKHFDOOXVLQJWKH
PRELOHSKRQH
&DOODFWLYH0RELOH
SKRQH
LVVKRZQLQWKHGLVSOD\
7RUHWXUQWRWKHFDOOXVLQJWKHKDQGV
IUHHV\VWHPSUHVVWKHV\PERODJDLQ
6HWWLQJWKHFDOOYROXPH
2SWLRQ
7XUQ[WKHFRQWURONQRE
2SWLRQ
&DOOXSWKH9ROXPHVHWWLQJVPHQXDQG
VHWWKHYROXPHIRUWHOHSKRQHFDOOV
SDJH
7RHQGDFDOO
3UHVVe
7KHFDOOLVHQGHGDQGWKHSUHYLRXVGLV
SOD\DSSHDUV
9RLFHGLDO
,IWKHFRQQHFWHGPRELOHSKRQHVXSSRUWVWKH
9RLFHGLDOIXQFWLRQ\RXFDQVHOHFWFRQ
WDFWVZLWKDYRLFHWDJE\VD\LQJWKHUHOH
YDQWQDPH7KHPRELOHSKRQHWKHQWDNHV
RYHUWKHFRQWDFWVHOHFWLRQDQGPDNLQJ
FDOOV
7RVZLWFKRQYRLFHGLDOSUHVV
9RLFH
LQ
WKHWHOHSKRQHPHQX
9RLFHGLDOLVDFWLYDWHG7KH
3OHDVH
VSHDNQRZ
SURPSWDSSHDUV
7RPDNHDFDOO6D\WKHYRLFHWDJIRUWKH
FRQWDFW
,IWKHYRLFHWDJH[LVWVDQGWKHPRELOH
SKRQHUHFRJQLVHVLWWKHFDOOLVPDGH
7KH
&DOOLQJ1DPH!
PHVVDJH
DSSHDUV
,IWKHUHLVQRYRLFHWDJRUWKHV\VWHPGRHV
QRWUHFRJQLVHLWWKH
9RLFHGLDO
IDLOHG
PHVVDJHDSSHDUV
7RGHDFWLYDWHYRLFHGLDOSUHVVe
!!VPDUWKLJKOLQHUDGLR 
8VLQJWKHSKRQHERRN
,QWURGXFWLRQ
7KHVPDUWKLJKOLQHUDGLRVKRZVWKHPRELOH
SKRQHVSKRQHERRN&RQWDFWV,DQGWKH
VPDUWKLJKOLQHUDGLRVSKRQHERRN&RQ
WDFWV,,7KHFRQWDFWVLQWKHSKRQHERRNLQ
WKHPRELOHSKRQHDUHDXWRPDWLFDOO\GRZQ
ORDGHGZKHQWKHPRELOHSKRQHLVUHJLV
WHUHGSDJH7KH\DUHXSGDWHGDIWHU
HYHU\FDOODQGDIWHUWKHPRELOHSKRQHLV
FRQQHFWHGDJDLQ<RXFDQDOVRGRZQORDGWKH
FRQWDFWVIURPWKHPRELOHSKRQH\RXUVHOI
SDJH
0RELOHSKRQHFRQWDFWVFDQEHVWRUHGSHU
PDQHQWO\LQWKHVPDUWKLJKOLQHUDGLRV
SKRQHERRN7KHVHDUHWKHQDYDLODEOHLQGH
SHQGHQWRIWKHPRELOHSKRQHFRQQHFWHG
3KRQHERRNLQWKHPRELOHSKRQH&RQWDFWV
,
2SHQLQJWKHSKRQHERRN
2SWLRQWKHSKRQHERRNLQWKHPRELOH
SKRQHLVVKRZQDVVRRQDVGRZQORDGLQJLV
FRPSOHWH
2SWLRQ3UHVV
&RQWDFWV,
LQWKHWHOH
SKRQHPHQX
6HDUFKLQJIRUDFRQWDFW
3UHVVWKHNH\ERDUGV\PEROXQGHURSWLRQ
LQWKHSLFWXUH
$QLQSXWPHQXDSSHDUV
(QWHUXSWRWKUHHOHWWHUVRIWKHHQWU\WR
EHVHDUFKHGIRU7KHUHLVDGHVFULSWLRQ
RIKRZWRHQWHUFKDUDFWHUVLQWKH(QWHU
LQJFKDUDFWHUVLQWKHSKRQHERRNVHF
WLRQSDJH
3UHVV
2.
LQWKHSKRQHERRNLQWKHPRELOH
SKRQH
7KHSKRQHERRNLVRSHQHGDWWKHFRUUH
VSRQGLQJSODFH
6KRZLQJFRQWDFWVSKRQHQXPEHUVDQG
PDNLQJDFDOO
3UHVVDFRQWDFWLQWKHPRELOHSKRQHV
SKRQHERRN
7KHDYDLODEOHSKRQHQXPEHUVDUHGLV
SOD\HG
 !!VPDUWKLJKOLQHUDGLR
3UHVVDSKRQHQXPEHUDQGWKHQ
SUHVVo
7KH
&DOOLQJ1DPH!
PHVVDJH
DSSHDUV
6WRULQJDFRQWDFWLQWKHVPDUWKLJKOLQH
UDGLRVSKRQHERRN&RQWDFWV,,
3UHVVWKHPHPRU\FDUGV\PEROZKHQWKH
DYDLODEOHSKRQHQXPEHUVDUHGLVSOD\HG
$QLQSXWPHQXDSSHDUV
&KDQJHWKHFRQWDFWQDPHVLIGHVLUHG
7KHUHLVDGHVFULSWLRQRIKRZWRHQWHU
FKDUDFWHUVLQWKH(QWHULQJFKDUDFWHUV
LQWKHSKRQHERRNVHFWLRQSDJH
3UHVV
2.
7KH
6DYHG
PHVVDJHDSSHDUV
VPDUWKLJKOLQHUDGLRSKRQHERRN&RQ
WDFWV,,
2SHQLQJWKHSKRQHERRN
3UHVV
&RQWDFWV,,
LQWKHSKRQHERRN
7KHUDGLRSKRQHERRNDSSHDUV
&DOOLQJDQGHGLWLQJDFRQWDFW
3UHVVDFRQWDFWLQWKHSKRQHERRN
7KHFRQWDFWLVVKRZQ
F&DOOVWKHFRQWDFW
G(GLWVWKHFRQWDFW
'HOHWHVWKHFRQWDFW
!!VPDUWKLJKOLQHUDGLR 
7RFDOOWKHFRQWDFWSUHVVF
7KH
&DOOLQJ1DPH!
PHVVDJH
DSSHDUV
7RHGLWWKHFRQWDFWSUHVVG
7KHLQSXWPHQXIRUWKHQDPHDSSHDUV
&KDQJHWKHFRQWDFWQDPH7KHUHLVD
GHVFULSWLRQRIKRZWRHQWHUFKDUDFWHUVLQ
WKH(QWHULQJFKDUDFWHUVLQWKHSKRQH
ERRNVHFWLRQSDJH
3UHVV
2.
7KHLQSXWPHQXIRUWKHSKRQHQXPEHU
DSSHDUV
&KDQJHWKHSKRQHQXPEHU
3UHVV
2.
7KH
6DYHG
PHVVDJHDSSHDUV
7RGHOHWHDFRQWDFWSUHVV
7KH
3OHDVHFRQILUPWRGHOHWH
PHV
VDJHDSSHDUV
3UHVV
2.
7KH
'HOHWHG
PHVVDJHDSSHDUV
'HOHWLQJDOOFRQWDFWV
3UHVVeLQWKHSKRQHERRN
3UHVV
2.
7KH
'HOHWHG
PHVVDJHDSSHDUV
8VLQJFDOOOLVWV
,QWURGXFWLRQ
7KHVPDUWKLJKOLQHUDGLRVWRUHVFDOOV
UHFHLYHGGLDOOHGRUPLVVHGZKLOHWKHWHOH
SKRQHLVLQRSHUDWLRQLQVHSDUDWHOLVWV
2SHQLQJFDOOOLVWV
3UHVV
-RXUQDO
LQWKHWHOHSKRQHPHQX
7KHFDOOOLVWVDUHGLVSOD\HG
6HOHFWDFDOOOLVWHJ
0LVVHGFDOOV
7KHFDOOVDUHGLVSOD\HG
 !!VPDUWKLJKOLQHUDGLR
&DOOLQJDFRQWDFW
2SWLRQ
3UHVVoEULHIO\WRVHOHFWWKHKLJK
OLJKWHGHQWU\
7KH
&DOOLQJ1DPH!
PHVVDJH
DSSHDUV
2SWLRQ
6HOHFWDQHQWU\
7KHFRQWDFWGHWDLOVQDPHSKRQHQXPEHU
GDWHWLPHDUHVKRZQ
&RQWDFWGHWDLOVH[DPSOH
3UHVVo
7KH
&DOOLQJ1DPH!
PHVVDJH
DSSHDUV
6WRULQJFRQWDFWVLQWKHSKRQHERRNIRU
WKHVPDUWKLJKOLQHUDGLR
6HOHFWDQHQWU\LQWKHFDOOOLVWDQGWKHQ
SUHVVWKHPHPRU\FDUGV\PERO
RU
3UHVVWKHPHPRU\FDUGV\PEROLQWKHFRQ
WDFWGHWDLOVGLVSOD\
&KDQJHWKHQDPHLIGHVLUHG7KHUHLVD
GHVFULSWLRQRIKRZWRHQWHUFKDUDFWHUVLQ
WKH(QWHULQJFKDUDFWHUVLQWKHSKRQH
ERRNVHFWLRQSDJH
3UHVV
2.
7KH
6DYHG
PHVVDJHDSSHDUV
7HOHSKRQHVHWWLQJV
&DOOLQJXSWKH%OXHWRRWKVHWWLQJV
PHQX
3UHVV
7HOHSKRQH
LQWKHPDLQPHQX
SDJH
7KH7HOHSKRQHPHQXDSSHDUV
7HOHSKRQHPHQX
!!VPDUWKLJKOLQHUDGLR 
3UHVV
2SWLRQV
LQWKHWHOHSKRQHPHQX
7KH%OXHWRRWKVHWWLQJVPHQXDSSHDUV
%OXHWRRWKVHWWLQJVPHQX
7KH
1HZGHYLFH
DQG
'HYLFHOLVW
IXQFWLRQV
DUHGHVFULEHGLQWKH7HOHSKRQ\YLDWKH
%OXHWRRWKLQWHUIDFHVHFWLRQXQGHU&RQ
QHFWLQJDPRELOHSKRQHSDJH
(GLWLQJWKH3,1IRUFRQQHFWLRQZLWK
%OXHWRRWKGHYLFHV
7KH3,1LVUHTXLUHGWRFRQQHFWWKHVPDUW
KLJKOLQHUDGLRZLWK%OXHWRRWKPRELOH
SKRQHVDQG%OXHWRRWKDXGLRHTXLSPHQW
7KHGHIDXOW3,1LV

<RXFDQFKDQJHWKH3,17KH3,1LVDIRXU
GLJLWQXPEHUVHTXHQFH
3UHVV
3,1HGLW
LQWKH%OXHWRRWKVHW
WLQJVPHQX
$QLQSXWPHQXDSSHDUV
6HOHFWWKHQXPEHUVRQHE\RQHE\SUHVV
LQJEULHIO\
7KHQXPEHUVDUHHQWHUHGDWWKHWRSULJKW
7RGHOHWHEULHIO\SUHVVeWRGHOHWHWKH
ODVWQXPEHU
3UHVVDQGKROGeWRGHOHWHWKHHQWU\
3UHVV
2.
WRFRQILUPWKHHQWU\
7KHLQSXWPHQXLVFORVHGDQGWKH%OXH
WRRWKVHWWLQJVPHQXDSSHDUV
'RZORDGLQJWKHPRELOHSKRQHVSKRQH
ERRN
7KHPRELOHSKRQHLVFRQQHFWHGWRWKHVPDUW
KLJKOLQHUDGLRSDJH
G7KHSKRQHERRNLVDXWRPDWLFDOO\GRZQ
ORDGHGWRWKHVPDUWKLJKOLQHUDGLRDIWHU
FRQQHFWLRQ
3UHVV
3KRQHERRNGRZQORDG
LQWKH
%OXHWRRWKVHWWLQJVPHQX
7KH
'RZQORDGLQJSKRQHERRN
PHV
VDJHDSSHDUV:KHQWKHGRZQORDGLVFRP
SOHWHWKH
3KRQHERRNGRZQORDGHG
PHV
VDJHDQGWKHQXPEHURIHQWULHVGRZQORD
GHGDUHVKRZQ
(GLWLQJ%OXHWRRWKGHYLFHQDPHV
7KH%OXHWRRWKGHYLFHQDPHHQDEOHV%OXH
WRRWKFRQQHFWLRQWR%OXHWRRWKPRELOH
SKRQHVDQG%OXHWRRWKDXGLRGHYLFHV7KH
%OXHWRRWKGHYLFHQDPHIRUWKHVPDUWKLJK
OLQHUDGLRLV
VPDUW5DGLR
<RXFDQHGLW
WKLVGHYLFHQDPH
3UHVV
%OXHWRRWKQDPH
LQWKH%OXH
WRRWKVHWWLQJVPHQX
$QLQSXWPHQXDSSHDUV
 !!VPDUWKLJKOLQHUDGLR
(QWHUDQDPH7KHUHLVDGHVFULSWLRQRI
KRZWRHQWHUFKDUDFWHUVLQWKH(QWHULQJ
FKDUDFWHUVLQWKHSKRQHERRNVHFWLRQ
SDJH
7KHQDPHLVVKRZQDWWKHWRSOHIW
7RGHOHWHEULHIO\SUHVVeWRGHOHWHWKH
ODVWOHWWHU
3UHVVDQGKROGeWRGHOHWHWKHHQWU\
3UHVV
2.
WRFRQILUPWKHHQWU\
7KHLQSXWPHQXLVFORVHGDQGWKH%OXH
WRRWKVHWWLQJVPHQXDSSHDUV
$XGLR
5DGLRPRGH
,QWURGXFWLRQ
G3RUWDEOHHOHFWURQLFGHYLFHVLQWKH
YHKLFOHPD\VHULRXVO\LPSDLUUDGLR
UHFHSWLRQ
6ZLWFKLQJUDGLRPRGHRQRII
6ZLWFKLQJRQUDGLRPRGH
3UHVV
5DGLR
LQWKHPDLQPHQXSDJH
7KHUDGLRGLVSOD\DSSHDUV<RXZLOOKHDU
WKHFXUUHQWVWDWLRQVHOHFWHG
5DGLRGLVSOD\H[DPSOH
F7KHVWDWXVEDUVKRZVWKHFXUUHQWZDYH
EDQGFORFNDQGDGGLWLRQDOGLVSOD\V
G6ZLWFKHVUDGLRPRGHRII
'LVSOD\VHOHFWLRQDUHDZLWKVWDWLRQ
QDPHDQGVWDWLRQIUHTXHQF\OLQH
UDGLRWH[WGLVSOD\OLQHZDYHEDQG
OLQHDQGDVVLJQPHQWRIWKHILUVWIRXU
SUHVHWVOLQH
&DOOLQJXSWKH6HWWLQJVPHQX
6WDWLRQVHDUFKIRUZDUGVEDFNZDUGV
&DOOLQJXSDVWDWLRQSUHVHW
6ZLWFKHVUDGLRPRGHRII
3UHVVGLQWKHUDGLRGLVSOD\
7KHODVWDFWLYHPDLQIXQFWLRQLVVKRZQ
6ZLWFKLQJZDYHEDQG
3UHVVV\PEROLQWKHUDGLRGLVSOD\
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
%DQG
LQWKHPHQX7KHHQWU\RQWKH
ULJKWEHVLGH
%DQG
VKRZVWKHFXUUHQWVHW
WLQJ
$OLVWRIDYDLODEOHZDYHEDQGVLVVKRZQ
!!VPDUWKLJKOLQHUDGLR 
7KHIUHTXHQFLHVWKDWFDQEHVHOHFWHGDUH
)0)07)0G\QDPLF0:/:DQG6:
)07WKHZDYHEDQGFRQWDLQVVWDWLRQV
VRUWHGE\WKHLUUHFHSWLRQTXDOLW\VWRUHG
DXWRPDWLFDOO\E\WKHWUDYHOVWRUHIXQFWLRQ
7KHVWDWLRQZLWKWKHEHVWUHFHSWLRQTXDOLW\
LVVWRUHGDVSUHVHWSRVLWLRQ:KHQ\RX
QH[WXVHWKLVIXQFWLRQWKHFXUUHQWSUHVHW
VWDWLRQVDUHRYHUZULWWHQ
G,I\RXKDYHDFWLYDWHGWUDIILFDQQRXQFH
PHQWV7$SDJHRQO\5'6VWD
WLRQVDUHVWRUHG
)0G\QDPLFZKLOHWKHYHKLFOHLVLQPRWLRQ
WKHWXQHUVFDQVUHJXODUO\DQGVWRUHVWKH
VWDWLRQVZLWKWKHEHVWUHFHSWLRQTXDOLW\,W
LVQRWSRVVLEOHWRVWRUHDVWDWLRQPDQXDOO\
'\QDPLFXSGDWLQJFDQFDXVHDVWRUHGVWD
WLRQWRFKDQJHSUHVHWSRVLWLRQLQWKHOLVW
G7KHVPDUWKLJKOLQHUDGLRVKRZVWKH
VWDWLRQIUHTXHQFLHVLQVWHDGRIWKHVWD
WLRQQDPHVLQWKH0:6:DQG/:ZDYH
EDQGV
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVVWKHGHVLUHGZDYHEDQG
:DYHEDQG )UHTXHQF\
)09+))07)0
G\QDPLF
²0K]
0:PHGLXPZDYH ²N+]
6:VKRUWZDYH ²N+]
/:ORQJZDYH ²N+]
6HOHFWLQJDVWDWLRQ
6HOHFWLQJDVWDWLRQXVLQJWKHVWDWLRQ
VHDUFKIXQFWLRQ
3UHVVõRUöLQWKHUDGLRGLVSOD\
SDJH
7KHQHHGOHMXPSVOHIWRUULJKWLQWKH
ZDYHEDQGDQGVWRSVDWWKHQH[WVWDWLRQ
ZLWKDGHTXDWHUHFHSWLRQ
6HOHFWLQJDVWDWLRQXVLQJWKHZDYHEDQG
VFDQ
3UHVVV\PEROLQWKHUDGLRGLVSOD\
SDJH
7KHVWDWLRQSUHVHWPHPRU\DSSHDUV
SDJH
3UHVVWKHPDJQLI\LQJJODVVV\PEROLQWKH
VWDWLRQSUHVHWPHPRU\
7KH6WDWLRQVHDUFKPHQXDSSHDUV
6WDWLRQVHDUFKPHQX
3UHVV
%DQGVFDQQLQJ
7KH
%DQGVFDQQLQJ
PHVVDJHDSSHDUV
$OODYDLODEOHVWDWLRQVDUHSOD\HG
EULHIO\
:KHQWKHVPDUWUDGLRILQGVDVWDWLRQWKH
GLVSOD\VKRZV
3OD\LQJ0+]
IRU
H[DPSOH
7RVHOHFWWKHVWDWLRQEHLQJSOD\HGSUHVV
e
7KHEDQGVFDQLVVWRSSHG
6HOHFWLQJVWDWLRQVYLDWKHVWDWLRQSUHVHWV
2SWLRQ
7KHVWDWLRQDVVLJQPHQWRISUHVHWSRVLWLRQV
WRDSSHDUVLQWKHUDGLRGLVSOD\XQGHU
WKHZDYHEDQG
3UHVVRQHRISUHVHWSRVLWLRQVWR
7KHVHOHFWHGVWDWLRQLVSOD\HG
2SWLRQ
3UHVVV\PEROLQWKHUDGLRGLVSOD\
SDJH
7KHVWDWLRQSUHVHWPHPRU\DSSHDUV
 !!VPDUWKLJKOLQHUDGLR
6WDWLRQSUHVHWV
$QDUURZDQGDQRWHLQGLFDWHXQGHUZKLFK
SUHVHWWKHFXUUHQWO\VHOHFWHGVWDWLRQLV
VWRUHG
3UHVV<RU=WRVFUROOLQWKHOLVW
7DSWKHGHVLUHGVWDWLRQ
7KHVHOHFWHGVWDWLRQLVSOD\HG
3UHVVÙWRFDOOXSWKHUDGLRGLVSOD\
6HOHFWLQJVWDWLRQVE\HQWHULQJWKHIUH
TXHQF\PDQXDOO\
<RXFDQXVHWKLVIXQFWLRQIRU)0ZDYHEDQGV
3UHVVV\PEROLQWKHUDGLRGLVSOD\
SDJH
7KHVWDWLRQSUHVHWPHPRU\DSSHDUV
3UHVVWKHPDJQLI\LQJJODVVV\PEROLQWKH
VWDWLRQSUHVHWPHPRU\
3UHVV
(QWHUIUHTXHQF\
$QLQSXWPHQXDSSHDUV
(QWHUWKHGHVLUHGIUHTXHQF\E\SUHVVLQJ
WKHQXPEHUV
7KHIUHTXHQF\LVVKRZQDWWKHWRSULJKW
WKHGRWLVHQWHUHGDXWRPDWLFDOO\
3UHVV
2.
DQGFRQILUPWKHIUHTXHQF\
HQWHUHG
,IWKHVPDUWUDGLRILQGVWKHUHVSHFWLYH
VWDWLRQWKHGLVSOD\VKRZV
3OD\LQJ
0+]
IRUH[DPSOH7KHUDGLRGLV
SOD\WKHQDSSHDUV
G<RXFDQRQO\HQWHUFXUUHQWO\SHUPLWWHG
QXPEHUV
,I\RXHQWHUDIUHTXHQF\ZKLFKLVRXWVLGH
WKHIUHTXHQF\UDQJHWKHVPDUWKLJKOLQH
UDGLRWXQHVLQWRWKHQH[WORZHUIUH
TXHQF\
6HOHFWLQJDVWDWLRQE\HQWHULQJWKHVWDWLRQ
QDPH
<RXFDQXVHWKLVIXQFWLRQIRU)0ZDYHEDQGV
3UHVVV\PEROLQWKHUDGLRGLVSOD\
SDJH
7KHVWDWLRQSUHVHWPHPRU\DSSHDUV
3UHVVWKHPDJQLI\LQJJODVVV\PEROLQWKH
VWDWLRQSUHVHWPHPRU\
3UHVV
(QWHUVWDWLRQQDPH
$QLQSXWPHQXDSSHDUV
F(QWU\OLQH
G'HOHWHVDQHQWU\
(QWHUVQXPEHUVDQGVSHFLDOFKDUDFWHUV
(QWHUVXPODXWV
(QWHUDVWDWLRQQDPH7KHUHLVDGHVFULS
WLRQRIKRZWRHQWHUFKDUDFWHUVLQWKH
(QWHULQJFKDUDFWHUVLQWKHSKRQHERRN
VHFWLRQSDJH
!!VPDUWKLJKOLQHUDGLR 
7RFRQILUPWKHHQWU\SUHVV
2.
7KH
6HDUFKLQJ
GLVSOD\DSSHDUV<RX
WKHQVHHDOLVWRIVWDWLRQVWKDWFDQEH
UHFHLYHG
3UHVV<RU=WRVFUROOLQWKHOLVW
7DSWKHGHVLUHGVWDWLRQ
3UHVVBWRH[LWWKHOLVW
7KHVHOHFWHGVWDWLRQLVSOD\HG
,IQRVWDWLRQLVIRXQGIRUDQHQWU\
*QRW
IRXQG
LVVKRZQIRUH[DPSOH
6WRULQJVWDWLRQV
6WRULQJFKDQQHOVPDQXDOO\
7KHUHDUHSUHVHWSRVLWLRQVDYDLODEOH
HDFKIRUWKH)0DQG)07ZDYHEDQGV<RX
FDQQRWVWRUHVWDWLRQVPDQXDOO\LQWKH)0
G\QDPLFZDYHEDQG8SWRVWDWLRQVFDQEH
VWRUHGLQWKH0:/:DQG6:ZDYHEDQGV
4XLFNVDYHLQWKHUDGLRGLVSOD\SUHVV
DQGKROGRQHRISUHVHWSRVLWLRQVWR
XQWLO\RXKHDUDFRQILUPDWLRQWRQH
7KHFXUUHQWO\VHWVWDWLRQLVVWRUHGWRWKH
SUHVHWSRVLWLRQVHOHFWHG
,QWKHSUHVHWPHPRU\SUHVV<
RU=WRVFUROOLQWKHOLVW
3UHVVDQGKROGDSUHVHWSRVLWLRQXQWLO
\RXKHDUDFRQILUPDWLRQWRQH
7KHFXUUHQWO\VHWVWDWLRQLVVWRUHGWRWKH
SUHVHWSRVLWLRQVHOHFWHG
6WRULQJVWDWLRQVDXWRPDWLFDOO\WUDYHO
VWRUH
7KLVIXQFWLRQDXWRPDWLFDOO\DVVLJQVVWD
WLRQVWKDWFDQEHUHFHLYHGWRWKHSUHVHW
PHPRU\IRUWKH)07ZDYHEDQG7KHHQWLUH
ZDYHEDQGLVVHDUFKHGVWDUWLQJDWWKHORZ
HVWIUHTXHQF\7KHVWDWLRQVZLWKWKHEHVW
UHFHSWLRQTXDOLW\DUHVWRUHGWRWKHSUHVHW
SRVLWLRQVDFFRUGLQJWRWKHLUUHFHSWLRQ
TXDOLW\7KHVWDWLRQZLWKWKHEHVWUHFHS
WLRQLVVWRUHGDWSUHVHWSRVLWLRQ
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KHVWDWLRQSUHVHWPHPRU\DSSHDUV
3UHVVWKHPDJQLI\LQJJODVVV\PEROLQWKH
VWDWLRQSUHVHWPHPRU\
3UHVV
7UDYHOVWRUH
LQWKH6WDWLRQ
VHDUFKPHQX
7KH
7UDYHOVWRUH
PHVVDJHDSSHDUV
7KHVPDUWKLJKOLQHUDGLRVHDUFKHVIRU
VWDWLRQVWKDWFDQEHUHFHLYHG7KHDYDLO
DEOHVWDWLRQVDUHDXWRPDWLFDOO\VWRUHGLQ
WKHSUHVHWSRVLWLRQV
7RFDQFHODIXQFWLRQSUHVVe
5DGLR'DWD6\VWHP5'6
*HQHUDOQRWHV
7KH5DGLR'DWD6\VWHP5'6SURYLGHV
LQDXGLEOHDGGLWLRQDOLQIRUPDWLRQLQWKH
)0ZDYHEDQGV)0)07)0G\QDPLF7KH
V\VWHPFRQVLVWVRIDOLVWHQLQJUHFHLYHUDQG
DPRQLWRULQJUHFHLYHU
7KHPRQLWRULQJUHFHLYHUFRQVWDQWO\VFDQV
WKH)0ZDYHEDQGDQGFROOHFWVGDWDIURPDOO
WKHVWDWLRQVZKLFKFDQEHUHFHLYHG7KH
VPDUWKLJKOLQHUDGLRVWRUHVWKHGDWDDQG
DOZD\VNHHSVWKHSUHVHWPHPRU\XSWRGDWH
7KHOLVWHQLQJUHFHLYHULVWKHUHIRUHDEOHWR
VZLWFKLQVWDQWDQHRXVO\WRDQDOWHUQDWLYH
IUHTXHQF\ZLWKDEHWWHUVLJQDO
G5'6RQO\IXQFWLRQVIRUVWDWLRQVZKLFK
WUDQVPLW5'6GDWD
6ZLWFKLQJ5'6RQRII
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
 !!VPDUWKLJKOLQHUDGLR
3UHVV
5'6
LQWKHPHQX
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
3UHVVBDQGUHWXUQWRWKHUDGLRGLV
SOD\
6ZLWFKLQJUHJLRQDOPRGHRQRII
6RPH5'6SURJUDPPHVEURDGFDVWUHJLRQDO
SURJUDPPHVZLWKORFDOFRQWHQW6ZLWFKLQJ
RQUHJLRQDOPRGHSUHYHQWVWKHVWDWLRQIURP
VZLWFKLQJWRDQDOWHUQDWLYHIUHTXHQF\
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
5HJLRQDO
LQWKHPHQX
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
3UHVVBDQGUHWXUQWRWKHUDGLRGLV
SOD\
3URJUDPW\SHFDWHJRU\37<
37<LVDVHUYLFHRIIHUHGE\VHYHUDOVWDWLRQV
LQ5'6<RXFDQXVHLWWRVHOHFWVWDWLRQV
ZLWKDFHUWDLQSURJUDPPHW\SH
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
$IWHU
37<
WKHGLVSOD\HLWKHUVKRZVWKH
FXUUHQWSURJUDPPHW\SHVHOHFWHGRU
12
37<
3UHVV
37<
LQWKHPHQX
7KHOLVWRIDYDLODEOHSURJUDPPHW\SHV
DSSHDUV
7RVZLWFKRII37<SUHVV
1237<
7KHsV\PEROLQGLFDWHVWKDWWKHIXQF
WLRQLVVZLWFKHGRII7KHVHWWLQJLV
DFFHSWHGDQGWKHOLVWFORVHV
7RVHOHFWDSURJUDPPHW\SHSUHVV<
RU=WRVFUROOLQWKHOLVW
3UHVVWKHGHVLUHGSURJUDPPHW\SH
3UHVVBDQGFORVHWKHOLVW
$YDLODEOHSURJUDPPHW\SHV
=1HZV
=&XUUHQWDIIDLUV
=,QIRUPDWLRQ
=6SRUW
=(GXFDWLRQ
='UDPD
=&XOWXUH
=6FLHQFH
=9DULHG
=3RS0XVLF
=5RFN0XVLF
=(DV\/LVWHQLQJ0XVLF
=/LJKW&ODVVLFDO0XVLF
=6HULRXV&ODVVLFDO0XVLF
=2WKHU0XVLF
=:HDWKHU
=)LQDQFH
=&KLOGUHQVSURJUDPPHV
=6RFLDODIIDLUV
=5HOLJLRQ
=3KRQHLQ
=7UDYHO
!!VPDUWKLJKOLQHUDGLR 
=/HLVXUH
=-D]]0XVLF
=&RXQWU\0XVLF
=1DWLRQDO0XVLF
=2OGLHV0XVLF
=)RON0XVLF
='RFXPHQWDU\
7UDIILF3URJUDPPH
1RWH
0DQ\)0VWDWLRQVWUDQVPLWWUDIILF
DQQRXQFHPHQWV7$
6ZLWFKLQJWUDIILFDQQRXQFHPHQWVRQRII
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
7UDIILFDQQRXQFHPHQW
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
G,WLVDOVRSRVVLEOHWRVZLWFKWUDIILF
DQQRXQFHPHQWVRIIZKHQDWUDIILF
DQQRXQFHPHQWLVEHLQJUHFHLYHG
SDJH
3UHVVBDQGUHWXUQWRWKHUDGLRGLV
SOD\
7KHFDUV\PERODWWKHWRSRIWKHGLVSOD\
LQGLFDWHVWKDWDQQRXQFHPHQWVDUHVZLWFKHG
RQ,IWKHVHOHFWHGVWDWLRQGRHVQRWEURDG
FDVWWUDIILFDQQRXQFHPHQWVWKLVV\PEROLV
FURVVHGRXWLQUHG
$IWHUWUDIILFDQQRXQFHPHQWVDUHVZLWFKHG
RQWKHVPDUWKLJKOLQHUDGLRVHOHFWVDQ5'6
VWDWLRQ
7KH7UDIILF3URJUDPPHLVUHWULHYHGIURP
=WKHFXUUHQWO\VHOHFWHG)0VWDWLRQ
=DQ5'6VWDWLRQIURPWKHQHWZRUNRIWKH
FXUUHQWO\VHOHFWHG)0VWDWLRQ
=WKH5'6VWDWLRQZLWKWKHEHVWUHFHSWLRQ
TXDOLW\
:KHQWUDIILFDQQRXQFHPHQWVDUHVZLWFKHG
RQDWUDIILFDQQRXQFHPHQWZLOOLQWHUUXSW
WKHDXGLRVLJQDOIURPWKHFXUUHQWO\DFWL
YDWHGDXGLRRUYLGHRVRXUFH
G7HOHSKRQHFRQYHUVDWLRQVDQGQDYLJD
WLRQDQQRXQFHPHQWVDUHQRWLQWHUUXSWHG
,QFRPLQJWUDIILFDQQRXQFHPHQWV
$QLQFRPLQJWUDIILFDQQRXQFHPHQWLVLQGL
FDWHGE\DPHVVDJH
7RLQWHUUXSWDWUDIILFDQQRXQFHPHQW
SUHVVeLQWKHPHVVDJHGLVSOD\HG
7KHVPDUWKLJKOLQHUDGLRVZLWFKHVEDFN
WRWKHDXGLRVRXUFHWKDWZDVSOD\LQJ
EHIRUHWKHDQQRXQFHPHQW6XEVHTXHQW
WUDIILFDQQRXQFHPHQWVZLOOLQWHUUXSWWKH
DXGLRVRXUFHDJDLQ
7RVZLWFKRIIWUDIILFDQQRXQFHPHQWV
SUHVVsLQWKHPHVVDJHGLVSOD\HG
1RPRUHWUDIILFDQQRXQFHPHQWVDUHPDGH
 !!VPDUWKLJKOLQHUDGLR
5DGLRWH[W
1RWHV
7KLVIXQFWLRQLVDYDLODEOHLQ)0UDGLR
PRGH
5DGLRWH[WLVDGGLWLRQDOLQIRUPDWLRQWKDW
LVVKRZQLQWKHUDGLRGLVSOD\HJLQIRU
PDWLRQDERXWWKHFXUUHQWSURJUDPPH
7KHUDGLRWH[WLVVZLWFKHGRIILQWKHVWDQG
DUGVHWWLQJ
6ZLWFKLQJUDGLRWH[WRQRII
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
5DGLRWH[W
LQWKHPHQX
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
3UHVVBDQGUHWXUQWRWKHUDGLRGLV
SOD\
,IWKHVWDWLRQVXSSRUWVUDGLRWH[WDQG
LQIRUPDWLRQLVDYDLODEOHWKLVLVVKRZQ
ZKHQWKHIXQFWLRQLVVZLWFKHGRQ/RQJHU
WH[WLQIRUPDWLRQLVVKRZQDVVFUROOLQJ
WH[W
5HFHSWLRQVHWWLQJV
6ZLWFKLQJVWHUHRLQIRUPDWLRQRQRII
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
6WHUHR
LQWKHPHQX
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
3UHVVBDQGUHWXUQWRWKHUDGLRGLV
SOD\
1RLVHVXSSUHVVLRQ
7KLVIXQFWLRQVXSSUHVVHVLQWHUIHUHQFH
QRLVHVHJDVDUHVXOWRISRRUUHFHSWLRQ
E\UHGXFLQJWKHWUHEOH
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
+LFXW
LQWKHPHQX
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRVHOHFWDYDOXH
EHWZHHQQRORZHULQJDQGKLJKORZ
HULQJ
3UHVV
2.
DQGFRQILUPWKHHQWU\
3UHVVBDQGUHWXUQWRWKHUDGLRGLV
SOD\
6HWWLQJWKHVHQVLWLYLW\
%\VHWWLQJWKHVHQVLWLYLW\\RXDIIHFWWKH
UDQJHRIDYDLODEOHFKDQQHOVZKHQ\RXXVH
WKHIROORZLQJIXQFWLRQV
=6WDWLRQVHDUFKSDJH
=%DQGVFDQSDJH
=7UDYHOVWRUH
$WKLJKVHQVLWLYLW\\RXRQO\UHFHLYHVWD
WLRQVZLWKKLJKUHFHSWLRQTXDOLW\$WORZ
VHQVLWLYLW\\RXDOVRUHFHLYHVWDWLRQVZLWK
ORZUHFHSWLRQTXDOLW\
3UHVVLQWKHUDGLRGLVSOD\
SDJH
7KH6HWWLQJVPHQXDSSHDUV
3UHVV
6HQVLWLYLW\
LQWKHPHQX
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRVHOHFWDYDOXH
EHWZHHQORZDQGKLJK
3UHVV
2.
DQGFRQILUPWKHHQWU\
3UHVVBDQGUHWXUQWRWKHUDGLRGLV
SOD\
0XVLFPRGH
6DIHW\QRWH
5LVNRIDFFLGHQW
2QO\ZKHQWKHYHKLFOHLVVWDWLRQDU\VKRXOG
\RX
=ORDGDGLVF
=HMHFWDGLVF
!!VPDUWKLJKOLQHUDGLR 
7KHUHLVDULVNRIEHLQJGLVWUDFWHGIURPWKH
URDGDQGWUDIILFFRQGLWLRQVLIWKLVLVGRQH
ZKLOHWKHYHKLFOHLVLQPRWLRQ
*HQHUDOQRWHV
$PD[LPXPRIWUDFNVRUPXVLFILOHV
DUHSOD\HG
,IDGDWDPHGLXPLVGLYLGHGLQWRVHYHUDO
SDUWLWLRQVRQO\WKHILUVWSDUWLWLRQIRXQG
LVSOD\HG
,QVHUWLQJDQGUHPRYLQJD&''9'
1RWHV
,IWKH&''9'KDVDSULQWHGVLGHWKLVPXVW
IDFHXSZDUGVZKHQWKH&''9'LVLQVHUWHG
,IQHLWKHUVLGHLVSULQWHGWKHVLGHWREH
SOD\HGVKRXOGIDFHGRZQZDUGV&'V'9'V
ZLWKFRS\SURWHFWLRQPD\QRWEHDEOHWREH
SOD\HGE\WKHV\VWHP
G,IDPHGLXPFRQWDLQVRWKHUILOHVLQ
DGGLWLRQWRPXVLFILOHVWKHORDGLQJWLPH
EHIRUHWKHILUVWWUDFNVWDUWVWRSOD\PD\
EHORQJHU
,QVHUWLQJD&''9'
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
7KHIURQWSDQHOLVIROGHGGRZQDQGXQFRY
HUVWKHGLVFVORW
,IWKHHMHFWEXWWRQSRVLWLRQ
qSDJHLVOLWXSLQRUDQJHD&'
'9'KDVDOUHDG\EHHQLQVHUWHG,IWKLVLV
WKHFDVHUHPRYHWKH&''9'ILUVW
,QVHUWD&''9'LQWRWKHGLVFVORW
7KHVPDUWKLJKOLQHUDGLRGUDZVWKH&'
'9'LQ
7KH
'LVFUHDGLQJ
PHVVDJHDSSHDUV
,IWKH&''9'LVDSHUPLVVLEOHGDWD
PHGLXPDQGZDVLQVHUWHGFRUUHFWO\
SOD\EDFNVWDUWV
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
7KHIURQWSDQHOUDLVHVDQGFORVHVWKH
GLVFVORW
G7KHIURQWSDQHOPRYHVXSDXWRPDWLFDOO\
DIWHURQHPLQXWH
5HPRYLQJWKH&''9'
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
7KHIURQWSDQHOLVIROGHGGRZQDQGXQFRY
HUVWKHGLVFVORW
7KHHMHFWEXWWRQOLJKWVXSRUDQJHLIWKHUH
LVD&''9'LQWKHGLVFVORW
3UHVVWKHHMHFWEXWWRQSRVLWLRQ
qSDJH
5HPRYHWKH&''9'IURPWKHGLVFVORW
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
7KHIURQWSDQHOUDLVHVDQGFORVHVWKH
GLVFVORW
G7KHIURQWSDQHOPRYHVXSDXWRPDWLFDOO\
DIWHURQHPLQXWH
,QVHUWLQJDQGHMHFWLQJDQ6'00&PHP
RU\FDUG
*HQHUDOQRWHV
7KHVPDUWKLJKOLQHUDGLRVXSSRUWV6'+&
PHPRU\FDUGV6'PHPRU\FDUGVDQG00&
PHPRU\FDUGV
=6'+&6DQ'LVN+LJK&DSDFLW\
=6'6DQ'LVN
=00&0XOWLPHGLD&DUG
6'PHPRU\FDUGVIHDWXUHWKHIROORZLQJ
ORJR
7KLVORJRLVDUHJLVWHUHGWUDGHPDUNRI6DQ
'LVN&RUSRUDWLRQ7KHORJRLVVKRZQRQWKH
OHIWEHVLGHWKH6'00&PHPRU\FDUGVORW
YLVLEOHZKHQ\RXIROGWKHGLVSOD\GRZQ
G'RQRWLQVHUWDQ\6':/$1FDUGVRUSDU
WLWLRQHG6'FDUGVVLQFHWKHVHHLWKHU
 !!VPDUWKLJKOLQHUDGLR
REVWUXFWWKHRSHQLQJFORVLQJRIWKHIURQW
SDQHORUGRQRWILWLQWKHVORW
G1RWDOO6'00&PHPRU\FDUGVDUH
GHVLJQHGIRUWKHWHPSHUDWXUHVZKLFKPD\
EHUHDFKHGLQWKHYHKLFOH
'XHWRWKHZLGHUDQJHRI6'00&PHPRU\
FDUGVDYDLODEOHRQWKHPDUNHWSOD\EDFN
FDQQRWEHJXDUDQWHHGIRUDOOEUDQGVRI
6'00&PHPRU\FDUG
$PD[LPXPRIWUDFNVRUPXVLFILOHV
DUHSOD\HG,IWKH6'00&PHPRU\FDUGLV
GLYLGHGLQWRVHYHUDOSDUWLWLRQVRQO\WKH
ILUVWSDUWLWLRQIRXQGLVSOD\HG
$SDUWLWLRQPXVWQRWEHODUJHUWKDQ*%
,QVHUWLQJDQ6'00&PHPRU\FDUG
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
7KHIURQWSDQHOLVIROGHGGRZQDQGXQFRY
HUVWKHVORWIRUWKH6'00&PHPRU\FDUG
RQWKHULJKWEHVLGHWKH6'ORJR
,QVHUWDQ6'00&PHPRU\FDUGLQWRWKH
VORW7KHVLGHZLWKWKHFRQWDFWVPXVWIDFH
GRZQZDUGVDQGSRLQWWRZDUGVWKHVORW
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
7KHIURQWSDQHOPRYHVXSDQGFORVHVWKH
6'00&PHPRU\FDUGVORW
5HPRYLQJWKH6'00&PHPRU\FDUG
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
7KHIURQWSDQHOLVIROGHGGRZQDQGXQFRY
HUVWKHVORWIRUWKH6'00&PHPRU\FDUG
RQWKHULJKWEHVLGHWKH6'ORJR
3UHVVWKH6'00&PHPRU\FDUG
7KH6'00&PHPRU\FDUGLVHMHFWHG
5HPRYHWKH6'00&PHPRU\FDUG
3UHVVWKH;EXWWRQRQWKHIURQWSDQHO
DJDLQ
7KHIURQWSDQHOPRYHVXSDQGFORVHVWKH
6'00&PHPRU\FDUGVORW
L3RGPRGH
6XSSRUWHGL3RGYDULDQWV
GL3RGLVDUHJLVWHUHGWUDGHPDUNRI
$SSOH,QF&XSHUWLQR&DOLIRUQLD86$
7KHIROORZLQJL3RGYHUVLRQVDUHVXSSRU
WHG
=L3RGFODVVLF*%
=L3RGFODVVLF
=L3RGQDQR*
=L3RGQDQR*
=L3RGWRXFK*
=L3RGWRXFK*
=L3RGWRXFK
=L3RG*
&RQQHFWLQJDQL3RG
7RFRQQHFWDQL3RGWRWKH86%SRUWLQWKH
JORYHFRPSDUWPHQW\RXZLOOQHHGD86%
+,'FDEOHIURPWKHDFFHVVRULHVUDQJH<RX
FDQREWDLQIXUWKHULQIRUPDWLRQIURP\RXU
VPDUW&HQWUH
G1HYHUOHDYHDQL3RGLQWKHYHKLFOHDV
H[WUHPHWHPSHUDWXUHVHJLIVXEMHFWHG
WRGLUHFWVXQOLJKWRUWRH[WUHPHO\ORZ
RXWVLGHWHPSHUDWXUHVPD\SUHYHQWLW
IURPIXQFWLRQLQJFRUUHFWO\VHHWKHVHS
DUDWHRSHUDWLQJLQVWUXFWLRQVRIWKH
UHVSHFWLYHGHYLFHVPDUWGRHVQRWWDNH
UHVSRQVLELOLW\IRUDQ\GDPDJHWRH[WHU
QDOGHYLFHV
&RQQHFWWKHL3RGWRWKHFRUUHVSRQGLQJ
SRUW
G&RQQHFWLQJDQL3RGZKLFKKDVEHHQ
H[FHVVLYHO\GLVFKDUJHGFDQUHVXOWLQDQ
H[WHQGHGLQLWLDOLVDWLRQSHULRG
2SHUDWLRQYLDD86%$8;SRUW
86%$8;SRUW
7KHSRUWVDUHLQWKHJORYHFRPSDUWPHQWRQ
WKHOHIWKDQGVLGH
!!VPDUWKLJKOLQHUDGLR 
F86%SRUW
G$8;SRUW
<RXFDQFRQQHFWDQH[WHUQDODXGLRVRXUFH
$8;WRWKHVPDUWKLJKOLQHUDGLR
7KH86%SRUWVXSSRUWVWKHIROORZLQJ86%
GHYLFHV
=86%VWLFNVIODVKPHPRU\
=86%KDUGGULYHVUHTXLULQJDSHUPDQHQW
FXUUHQWRIDPD[LPXPRIP$LWPD\EH
QHFHVVDU\WRFRQQHFWDVHSDUDWHSRZHU
VXSSO\
G7KHVPDUWKLJKOLQHUDGLRVXSSRUWV86%
VWRUDJHPHGLDRI86%'HYLFH6XE
FODVV,QIRUPDWLRQFRQFHUQLQJ86%
'HYLFH6XEFODVVLVDYDLODEOHIURPWKH
HTXLSPHQWPDQXIDFWXUHU
$PD[LPXPRIWUDFNVRUPXVLFILOHV
DUHSOD\HG,IWKH86%VWRUDJHPHGLXPLV
GLYLGHGLQWRVHYHUDOSDUWLWLRQVRQO\WKH
ILUVWSDUWLWLRQIRXQGLVSOD\HG
6L]HVSHFLILFDWLRQVIRUDSDUWLWLRQ
=86%VWLFNV*%
=86%KDUGGULYHV*%
3DUWLWLRQVRIRYHU*%UHVXOWLQDQ
H[WHQGHGLQLWLDOLVDWLRQSHULRG,W
FRXOGWKHUHIRUHWDNHDORQJWLPHEHIRUH
SOD\EDFNVWDUWV
7KHVWRUDJHVSDFHPXVWEHVPDOOHUWKDQ
*%IRUPHGLDILOHV
)RUPRUHGHWDLOVDQGDFRPSUHKHQVLYHOLVW
RIVXSSRUWHGGHYLFHVSOHDVHFRQWDFWD
VPDUW&HQWUH
&RQQHFWLQJDQDXGLRGHYLFHWR$8;
&RQQHFWWKHDXGLRGHYLFHXVLQJDPP
VWHUHRMDFNSOXJZLWK$8;SRUWG
3OHDVHVHHWKHUHVSHFWLYHRSHUDWLQJ
LQVWUXFWLRQVIRUKRZWRRSHUDWHWKH
H[WHUQDODXGLRVRXUFH
&RQQHFWLQJD86%GHYLFH
G'RQRWOHDYHH[WHUQDOGHYLFHVLQWKH
YHKLFOHDVWKHLUFRUUHFWIXQFWLRQFDQQRW
EHJXDUDQWHHGLIWKH\DUHVXEMHFWHGWR
H[WUHPHWHPSHUDWXUHVHJLIVXEMHFWHG
WRGLUHFWVXQOLJKWRUYHU\ORZRXWVLGH
WHPSHUDWXUHVVHHWKHRSHUDWLQJ
LQVWUXFWLRQVRIWKHUHVSHFWLYHGHYLFH
VPDUWGRHVQRWWDNHUHVSRQVLELOLW\IRU
DQ\GDPDJHWRH[WHUQDOGHYLFHV
&RQQHFWWKH86%GHYLFHWR86%SRUWF
%OXHWRRWKDXGLRPRGH
&RQGLWLRQV
%OXHWRRWKDXGLRGHYLFH
%OXHWRRWKDXGLRPRGHUHTXLUHVD%OXH
WRRWKFDSDEOHDXGLRGHYLFH
1RWDOO%OXHWRRWKDXGLRGHYLFHVDYDLODEOH
RQWKHPDUNHWDUHHTXDOO\VXLWDEOH<RXFDQ
REWDLQPRUHGHWDLOHGLQIRUPDWLRQDERXW
VXLWDEOH%OXHWRRWKDXGLRGHYLFHVDQG
DERXWFRQQHFWLQJ%OXHWRRWKDXGLRGHYLFHV
WRWKHVPDUWKLJKOLQHUDGLRIURP\RXUVPDUW
&HQWUH
%HIRUHXVLQJ%OXHWRRWKDXGLRPRGH\RX
VKRXOGFKHFN\RXU%OXHWRRWKDXGLRGHYLFH
IRUWKHIROORZLQJVHHWKH%OXHWRRWKDXGLR
GHYLFHVRSHUDWLQJLQVWUXFWLRQV
%OXHWRRWKDXGLRSURILOH
7KH%OXHWRRWKDXGLRGHYLFHPXVWVXS
SRUWWKH$'3DQG$95&3%OXHWRRWKDXGLR
SURILOHV
G$'3$GYDQFHG$XGLR'LVWULEXWLRQ
3URILOH%OXHWRRWKDXGLRSURILOHIRU
DXGLRGDWDWUDQVPLVVLRQ
 !!VPDUWKLJKOLQHUDGLR
$95&3$XGLR9LGHR5HPRWH&RQWURO3UR
ILOH%OXHWRRWKDXGLRSURILOHIRUDXGLR
GDWDFRQWURO
%OXHWRRWKYLVLELOLW\
2QFHUWDLQ%OXHWRRWKDXGLRGHYLFHVDV
ZHOODVDFWLYDWLQJWKH%OXHWRRWKIXQF
WLRQWKHGHYLFHLWVHOIPXVWDOVREHPDGH
YLVLEOHIRURWKHUGHYLFHVVHHWKH
%OXHWRRWKDXGLRGHYLFHVRSHUDWLQJ
LQVWUXFWLRQV
%OXHWRRWKGHYLFHQDPH
(YHU\%OXHWRRWKGHYLFHKDVLWVRZQ%OXH
WRRWKGHYLFHQDPH7KLVGHYLFHQDPHLV
IUHHO\GHILQDEOHEXWFDQEHLGHQWLFDO
IRUDOOGHYLFHVIURPWKHVDPHPDQXIDF
WXUHU<RXVKRXOGWKHUHIRUHFKDQJHWKH
QDPHRIWKHGHYLFHVRWKDW\RXFDQFRU
UHFWO\LGHQWLI\\RXU%OXHWRRWKDXGLR
GHYLFHVHHWKH%OXHWRRWKDXGLRGHYL
FHVRSHUDWLQJLQVWUXFWLRQV
$FWLYDWH%OXHWRRWKDQG%OXHWRRWKYLV
LELOLW\RQWKH%OXHWRRWKDXGLRGHYLFH
*HQHUDOLQIRUPDWLRQ
<RXZLOOQHHGWRUHJLVWHU\RXU%OXHWRRWK
DXGLRGHYLFHEHIRUHXVLQJLWZLWKWKHVPDUW
KLJKOLQHUDGLRIRUWKHILUVWWLPH
7KLVSURFHVVLQFOXGHV
=WKHVHDUFKE\WKH%OXHWRRWKDXGLRGHYLFH
DVZHOODV
=VXEVHTXHQWFRQQHFWLRQ
<RXFDQFRQQHFWXSILYH%OXHWRRWKGHYLFHV
G,I\RXUHJLVWHUDPRELOHSKRQHWKDWVXS
SRUWV%OXHWRRWK$XGLRDQGWUDQVPLWVWKH
$'3DQG$95&3%OXHWRRWKDXGLRSUR
ILOHVWKHVHSURILOHVDUHFRQQHFWHGDXWR
PDWLFDOO\7KHPRELOHSKRQHLVWKHQ
HQWHUHGLQERWKWKH%OXHWRRWKWHOH
SKRQHVOLVWSDJHDQGLQWKH%OXH
WRRWK$XGLRGHYLFHOLVW
G7KHIXQFWLRQVVXSSRUWHGGHSHQGRQWKH
%OXHWRRWKDXGLRGHYLFHRUWKHPRELOH
SKRQH
&RQQHFWLQJ%OXHWRRWKDXGLRGHYLFHV
3URFHHGDVGHVFULEHGLQWKH5HJLVWHU
LQJDQGFRQQHFWLQJDPRELOHSKRQHVHF
WLRQRIWKH7HOHSKRQHVHFWLRQ
SDJH3UHVV
$XGLRVWUHDPLQJ
LQVWHDGRI
0RELOHSKRQH
LQWKH1HZ
GHYLFHPHQX
$FWLYDWLQJPXVLFPRGH
2SWLRQLQVHUWLQJRUFRQQHFWLQJDGDWD
PHGLXP
,QVHUWD&''9'SDJHRUD6'00&
PHPRU\FDUGSDJH
RU
&RQQHFWD86%GHYLFHSDJHDQ
L3RGSDJHRUDQDXGLRGHYLFH
SDJH
RU
&RQQHFWD%OXHWRRWKDXGLRGHYLFHWRWKH
VPDUWKLJKOLQHUDGLRSDJH
7RVWDUWSOD\EDFNSOD\EDFNVWDUWVDXWR
PDWLFDOO\IRU&'V'9'V)RUDOORWKHU
GDWDPHGLXPVSUHVV>LQWKHEDVLF
GLVSOD\
2SWLRQVHOHFWDGDWDPHGLXPLQWKHPXVLF
PDLQPHQX
$&''9'RUDQ6'00&PHPRU\FDUGLV
LQVHUWHGRUDGDWDPHGLXPLVFRQQHFWHGWR
WKHVPDUWKLJKOLQHUDGLR
3UHVV
0XVLF
LQWKHPDLQPHQXSDJH
7KHPXVLFPDLQPHQXDSSHDUV
0XVLFPDLQPHQX
!!VPDUWKLJKOLQHUDGLR 
3UHVVRQDGDWDPHGLXPV\PERO
7KHGDWDPHGLXPLVUHDG3OD\EDFNWKHQ
VWDUWV
&''9'PRGHH[DPSOH
F7KHVWDWXVEDUVKRZVWKHFXUUHQWPRGH
DQGWKHFXUUHQWSOD\EDFNRSWLRQV
G'LVSOD\ZLWKWUDFNDUWLVWDOEXPQDPH
DQGJHQUHLIVXSSOLHGZLWKWKHSOD\
EDFNEDUXQGHUQHDWK
0HQXEDU
6'PHPRU\FDUGPRGHH[DPSOH
G)RU86%PRGHDQG6'00&PHPRU\FDUG
PRGHWKHFRYHULVVKRZQRQWKHGLVSOD\
LIWKHFRUUHVSRQGLQJGDWDLVFRQWDLQHG
LQWKH,'WDJ
6ZLWFKLQJRIIPXVLFPRGH
3UHVVeLQWKHUHOHYDQWEDVLFGLVSOD\
7KHODVWDFWLYHPDLQIXQFWLRQLVVKRZQ
3DXVHIXQFWLRQ
3UHVVØLQWKHUHOHYDQWEDVLFGLVSOD\
3OD\EDFNLVLQWHUUXSWHGÙLVVKRZQ
LQVWHDGRIØ
7RFRQWLQXHSOD\EDFNSUHVVÙ
3OD\EDFNFRQWLQXHVIURPWKHSRLQWZKHUH
LWZDVLQWHUUXSWHG
6HOHFWLQJDWUDFN
%\VNLSSLQJ
3UHVVõRUöLQWKHUHOHYDQWEDVLF
GLVSOD\
7KHVNLSIRUZDUGIXQFWLRQVNLSVWRWKH
QH[WWUDFN
6NLSSLQJEDFNZDUGVUHVWDUWVWKHFXUUHQW
WUDFNLILWKDVEHHQSOD\LQJIRUPRUH
WKDQVHFRQGVRUVWDUWVWKHSUHYLRXV
WUDFNLIWKHFXUUHQWWUDFNKDVRQO\EHHQ
SOD\LQJIRUDVKRUWHUWLPH
,I\RXKDYHDFWLYDWHGWKH
0L[
SOD\EDFN
RSWLRQWKHWUDFNVDUHSOD\HGLQDUDQGRP
RUGHU'HSHQGLQJRQWKHGDWDPHGLXPDOO
WKHWUDFNVRQWKHPHGLXPWKHWUDFNVZLWK
DFHUWDLQSOD\EDFNFULWHULDRUWKHWUDFNV
LQDIROGHUDUHSOD\HG
%\WUDFNOLVW
3UHVVWKHV\PERODWWKHERWWRPOHIWLQWKH
UHOHYDQWEDVLFGLVSOD\
7KHWUDFNOLVWDSSHDUV
 !!VPDUWKLJKOLQHUDGLR
3UHVV<RU=WRVFUROOLQWKHWUDFN
OLVW
6HOHFWDWLWOH
7KHWUDFNLVSOD\HG
7RUHWXUQWRWKHEDVLFGLVSOD\SUHVVWKH
V\PERODWWKHERWWRPOHIW
)DVWIRUZDUGUHZLQG
7KHUHDUHWZRRSWLRQVIRUWKLVIXQFWLRQ7KH
VHFRQGRSWLRQFDQEHXVHGZKHQSOD\LQJD
&''9'DQ6'00&PHPRU\FDUGRUD86%
GHYLFH
2SWLRQ
3UHVVDQGKROGõRUöXQWLOWKH
GHVLUHGSRVLWLRQKDVEHHQUHDFKHG
G2QDQL3RGIDVWUHZLQGRQO\IXQFWLRQV
ZLWKLQWKHFXUUHQWWUDFN
2SWLRQ
3UHVVVRPHZKHUHRQSOD\EDFNEDUFLQ
WKHIROORZLQJSLFWXUH
F3OD\EDFNEDU
6HOHFWLQJDIROGHU
7KLVIXQFWLRQLVDYDLODEOHLQ03PRGH
3UHVVWKHV\PERODWWKHERWWRPOHIWLQWKH
UHOHYDQWEDVLFGLVSOD\
7KHWUDFNOLVWDSSHDUV
7RFDOOXSWKHQH[WKLJKHUIROGHUOHYHO
SUHVVWKHIROGHUV\PERORQWKHERWWRP
ULJKW
7RRSHQDIROGHUSUHVVDIROGHUV\PERO
7KHIROGHUFRQWHQWLVVKRZQ
3OD\EDFNFULWHULD
*HQHUDOLQIRUPDWLRQ
<RXFDQVHOHFWSOD\EDFNFULWHULDIRU
L3RGV86%GHYLFHVDQG6'00&PHPRU\
FDUGV3OD\EDFNFULWHULDLQFOXGHIRU
H[DPSOHSOD\OLVWVDUWLVWVRUJHQUHV$IWHU
VHOHFWLQJDFULWHULDDQGDVXEHQWU\\RX
ZLOOWKHQKHDUWKHFRUUHVSRQGLQJWUDFNV
7KHIROGHUVWUXFWXUHFDQEHGLVSOD\HG
XVLQJWKH
0HGLDGDWD
FULWHULD
6HOHFWLQJSOD\EDFNFULWHULD
3UHVVWKHV\PERODWWKHERWWRPOHIWLQWKH
UHOHYDQWEDVLFGLVSOD\
7KHWUDFNOLVWDSSHDUV
3UHVVPDJQLI\LQJJODVVV\PEROG
3UHVVRQHRIWKHSOD\EDFNFULWHULD
,I\RXSUHVV
$UWLVWV
IRUH[DPSOHDOLVW
RIDYDLODEOHDUWLVWVDSSHDUV
6HOHFWDQDUWLVW
$OLVWRIDYDLODEOHWUDFNVLVVKRZQ
3UHVVDWUDFNWRVWDUWSOD\EDFN
'LVSOD\LQJPHWDGDWD
3UHVV
0HWDGDWD
LQWKH&ULWHULDGLV
SOD\
$IROGHUVWUXFWXUHRUDWUDFNOLVW
DSSHDUV
!!VPDUWKLJKOLQHUDGLR 
F$OSKDEHWLFDOWUDFNVHDUFK
G6HDUFKE\SOD\EDFNFULWHULD
6HOHFWVWKHQH[WKLJKHVWIROGHUOHYHO
3UHVVIROGHUV\PERO
7KHIROGHUVWUXFWXUHDSSHDUV
)ROGHUVWUXFWXUHKLJKHVWOHYHO
:KHQWKHKLJKHVWIROGHUOHYHOLVVKRZQ
SUHVVRQWKHIROGHUV\PERODWWKHERWWRP
ULJKWDJDLQ
7KH
&ULWHULD
PHVVDJHDSSHDUVDJDLQ
7UDFNVHDUFK
7KLVIXQFWLRQLVDYDLODEOHZLWKLQWKHGLV
SOD\HGOLVWIRU86%PRGHDQG6'00&PHP
RU\FDUGPRGH
3UHVVV\PEROFLQWKHWUDFNOLVWRUDIWHU
VHOHFWLQJDSOD\EDFNFULWHULDHJ
$UWLVWV

$QLQSXWPHQXDSSHDUV
(QWHUFKDUDFWHUV7KHUHLVDGHVFULSWLRQ
RIKRZWRHQWHUFKDUDFWHUVLQWKH(QWHU
LQJFKDUDFWHUVLQWKHSKRQHERRNFKDS
WHUSDJH
7KHVHDUFKHQWU\LVHQWHUHGLQWKHXSSHU
OLQH
3UHVV
2.
DQGFRQILUPWKHHQWU\
$OLVWVKRZVWKHHQWULHVIRXQG
3UHVV<RU=WRVFUROOLQWKHWUDFN
OLVW
6HOHFWDWLWOH
7KHWUDFNLVSOD\HG
 !!VPDUWKLJKOLQHUDGLR
3OD\EDFNRSWLRQV
$YDLODEOHSOD\EDFNRSWLRQV
G7KLVIXQFWLRQLVQRWDYDLODEOHIRU%OXHWRRWKDXGLRGHYLFHV
3OD\EDFN
RSWLRQV
'LVFV 3OD\EDFN
0L[
=$XGLR&'DXGLR'9'
=03&'03'9'
=L3RG
=86%GHYLFH
=6'00&PHPRU\FDUG
<RXKHDUWKHWUDFNVLQUDQGRPRUGHU
'HSHQGLQJRQWKHGDWDPHGLXPWKH
WUDFNVLQWKHIROGHUWKHWUDFNVWKDW
PDWFKWKHFXUUHQWFULWHULDRUDOOWKH
WUDFNVRQWKHHQWLUHPHGLXPDUH
SOD\HG
5HSHDW
=$XGLR&'DXGLR'9'
=03&'03'9'
=L3RG
=86%GHYLFH
=6'00&PHPRU\FDUG
7KHWUDFNWKDWLVFXUUHQWO\EHLQJ
SOD\HGLVUHSHDWHGIRUDVORQJDVWKH
IXQFWLRQLVDFWLYDWHG
'HSHQGLQJRQWKHGDWDPHGLXPWKH
FXUUHQWWUDFNDOOWKHWUDFNVWKDW
PDWFKWKHFXUUHQWFULWHULDRUDOOWKH
WUDFNVLQWKHIROGHUDUHUHSHDWHG
3UHVHOHFњ
WLRQSOD\њ
EDFN
=86%GHYLFH
=6'00&PHPRU\FDUG
:KHQWKLVIXQFWLRQLVDFWLYDWHGWKH
QH[WWUDFNWREHSOD\HGFDQEHSUHVH
OHFWHGLQWKHWUDFNOLVW
6HOHFWLQJSOD\EDFNRSWLRQV
3UHVVWKHV\PEROLQWKHUHOHYDQW
EDVLFGLVSOD\
7KH6HWWLQJVPHQXDSSHDUV
3OD\EDFNRSWLRQVIRU6'PHPRU\FDUGVH[DPSOH
3UHVVDSOD\EDFNRSWLRQ
,I\RXKDYHVHOHFWHG
0L[
\RXVZLWFK
EHWZHHQWKH
2II

)ROGHU
DQG
0HGLXP
VHW
WLQJV
,I\RXKDYHVHOHFWHG
5HSHDW
\RXVZLWFK
EHWZHHQWKH
2II

7UDFN
DQG
)ROGHU
VHW
WLQJV
,I\RXKDYHVHOHFWHG
3UHVHOHFWLRQ
SOD\EDFN
\RXHLWKHUVZLWFKWKHIXQFWLRQ
RQsRURIISGHSHQGLQJRQWKHSUHYL
RXVVWDWXV
3UHVHOHFWLRQSOD\EDFNZKHQWKHIXQFWLRQ
LVDFWLYDWHGSUHVV<RU=LQD
WUDFNOLVWDQGVHWWKHVHOHFWLRQPDUNHUWR
WKHQH[WWUDFNWREHSOD\HG
7KHSUHVHOHFWHGWUDFNLVSOD\HGDIWHUWKH
FXUUHQWWUDFNKDVEHHQSOD\HG
G,I\RXVZLWFKWRWKHWUDFNOLVWWKHVHW
WLQJVIRU
0L[
DQG
5HSHDW
DUHUHVHWWR
2II
!!VPDUWKLJKOLQHUDGLR 
1RWHVRQPXVLFPRGH
'DWDPHGLXPDQGVXSSRUWHGDXGLRIRUPDWV
&''9'ZLWKPXVLF
ILOHV
DDFPSPS
ZPD
86%GHYLFHVVWLFNV
KDUGGLVFV
6'00&PHPRU\FDUG
DDFPXPS
RJJSOVZDY
ZPDZSO
%OXHWRRWKDXGLR
GHYLFHZLWK
%OXHWRRWKDXGLRSUR
ILOH$'3
PSZPD
([SODQDWLRQRIWKHPRVWLPSRUWDQWDXGLR
IRUPDWV
=DDFGLJLWDODXGLRGDWDFRPSUHVVLRQ
IRUPDWVXVFHSWLEOHWRVRXQGTXDOLW\
LPSDLUPHQWV
=PSGLJLWDODXGLRGDWDFRPSUHVVLRQ
IRUPDWVXVFHSWLEOHWRVRXQGTXDOLW\
LPSDLUPHQWVVWDQGDUGIRUGLJLWDOUDGLR
=PSFRPSUHVVLRQIRUPDW03(*$XGLR
/D\HUVXVFHSWLEOHWRVRXQGTXDOLW\
LPSDLUPHQWVVWDQGDUGIRUWUDQVIHUDQG
SOD\EDFNRIPXVLFRQGLJLWDODXGLRSOD\
HUV
=PXILOHIRUPDWIRUVDYLQJPXOWLPHGLD
SOD\OLVWV
=RJJIUHHRIFKDUJHORVVIUHH
FRPSUHVVHGIRUPDWIRUGLJLWDODXGLR
=SOVILOHIRUPDWIRUVDYLQJPXOWLPHGLD
SOD\OLVWVFRQWDLQVDGGLWLRQDOWUDFN
LQIRUPDWLRQQRWFRQWDLQHGLQWKHPX
IRUPDW
=ZPDDXGLRILOHFRPSUHVVLRQWHFKQRORJ\
GHYHORSHGE\0LFURVRIW
G7KH03DXGLRHQFRGLQJPHWKRGLV
XQGHUOLFHQFHIURP)UDXQKRIHU,,6
,QVWLWXW,QWHJULHUWH6FKDOWXQJHQ²
,QVWLWXWHIRU,QWHJUDWHG&LUFXLWVDQG
7KRPVRQ
3HUPLVVLEOHILOHV\VWHPV
=,62-ROLHWVWDQGDUGIRU&'V
=8')IRUDXGLR'9'V
=)$7IRU6'PHPRU\FDUGV)$7IRU
6'+&PHPRU\FDUGV
=)$7IRU86%VWRUDJHPHGLXP86%
VWLFNV86%KDUGGULYHV
3HUPLVVLEOHELWDQGVDPSOLQJUDWHV
03
VPDUWKLJKOLQHUDGLRVXSSRUWV03ILOHV
ZLWKWKHIROORZLQJSURSHUWLHV
=IL[HGDQGYDULDEOHELWUDWHVIURP
NELWVWRNELWV
=VDPSOLQJUDWHVRIN+]WRN+]
:0$
VPDUWKLJKOLQHUDGLRVXSSRUWV:0$ILOHV
ZLWKWKHIROORZLQJSURSHUWLHV
=IL[HGELWUDWHVRINELWVXSWR
NELWV
=VDPSOLQJUDWHVRIN+]WRN+]
VPDUWKLJKOLQHUDGLRGRHVQRWVXSSRUW:0$
ILOHVZLWKWKHIROORZLQJSURSHUWLHV
='50'LJLWDO5LJKWV0DQDJHPHQW
HQFU\SWHGILOHV
=YDULDEOHELWUDWH
=:0$3UR
=WZRFKDQQHOVRXQGLQWKHGRZQPL[LQJ
SURFHVV
G7KHGRZQPL[LQJSURFHVVFRQYHUWVD
PXOWLFKDQQHOVRXQGLQWRDWZRFKDQQHO
VRXQG
G2QO\XVHWUDFNVZLWKDELWUDWHRIDW
OHDVWNELWVDQGDVDPSOLQJUDWHRIDW
OHDVWN+]/RZHUUDWHVFDQFDXVHD
QRWLFHDEOHGHWHULRUDWLRQLQTXDOLW\
 !!VPDUWKLJKOLQHUDGLR
1RWHVIRU6'00&PHPRU\FDUGVDQG86%
GHYLFHV
2EVHUYHWKHIROORZLQJQRWHVIRUIDVWDFFHVV
WR\RXUPXVLFGDWDRUSOD\EDFNZLWKLQD
FDWHJRU\
=/LPLWWKHQXPEHURIIROGHUHQWULHVWRD
PD[LPXPRI7KLVUHFRPPHQGDWLRQ
DOVRDSSOLHVWRWKHKLJKHVWGLUHFWRU\
URRW
=7KHPD[LPXPGLUHFWRU\GHSWKPXVWQRWEH
PRUHWKDQWHQOHYHOV
=$YRLGYHU\ODUJHPXVLFILOHV
1RWHVRQFRS\ULJKW
03RU:0$WUDFNVWKDW\RXFUHDWHRUSOD\
EDFNDUHJHQHUDOO\VXEMHFWWRFRS\ULJKW
SURWHFWLRQLQDFFRUGDQFHZLWKWKHDSSOL
FDEOHLQWHUQDWLRQDODQGQDWLRQDOUHJXOD
WLRQV
,QPDQ\FRXQWULHVUHSURGXFWLRQVHYHQIRU
SULYDWHXVHDUHQRWSHUPLWWHGZLWKRXWWKH
SULRUFRQVHQWRIWKHFRS\ULJKWKROGHU
0DNHVXUHWKDW\RXNQRZDERXWWKHDSSOLFD
EOHFRS\ULJKWUHJXODWLRQVDQGWKDW\RX
FRPSO\ZLWKWKHVH
,I\RXRZQWKHVHULJKWV\RXUVHOIHJIRU
\RXURZQFRPSRVLWLRQVDQGUHFRUGLQJVRU
LIWKHFRS\ULJKWKROGHUKDVJUDQWHG\RX
SHUPLVVLRQWKHVHUHVWULFWLRQVGRQRW
DSSO\
1RWHVRQ&'V'9'V
'LVFVZLWKFRS\SURWHFWLRQDUHQRWFRPSDW
LEOHZLWKWKHDXGLR&'VWDQGDUGVPDUWKLJK
OLQHUDGLRPD\QRWEHDEOHWRSOD\WKHP
7KHUHPD\EHSOD\EDFNSUREOHPVZKHQSOD\
LQJFRSLHGGLVFV7KHUHLVDZLGHUDQJHRI
GDWDFDUULHUVGLVFZULWLQJVRIWZDUHDQG
ZULWHUVDYDLODEOH7KLVYDULHW\PHDQVWKDW
WKHUHLVQRJXDUDQWHHWKDWWKHV\VWHPZLOO
EHDEOHWRSOD\GLVFVWKDW\RXKDYHFRSLHG
\RXUVHOI
7KHUHPD\EHSOD\EDFNSUREOHPVLI\RXSOD\
&'VWKDW\RXKDYHFRSLHG\RXUVHOIZLWKD
VWRUDJHFDSDFLW\RIPRUHWKDQ0%&'V
RIWKLVW\SHGRQRWFRQIRUPWRWKHFXUUHQWO\
DSSOLFDEOHVWDQGDUGV
'RQRWDIIL[VWLFNHUVRUODEHOVWRWKH
GLVFV7KH\FRXOGSHHORIIDQGGDPDJHWKH
GULYH
7KHGULYHLVGHVLJQHGWRKROGGLVFVZKLFK
FRPSO\ZLWKWKH(1VWDQGDUG7KHUH
IRUH\RXFDQRQO\XVHGLVFVZLWKDPD[
LPXPWKLFNQHVVRIPP
,I\RXLQVHUWWKLFNHUGLVFVHJWKRVH
WKDWFRQWDLQGDWDRQERWKVLGHV'9'RQ
RQHVLGHDQGDXGLRGDWDRQWKHRWKHU
WKH\FDQQRWEHHMHFWHGDQGFDQGDPDJH
WKHGULYH
'RQRWXVHGLVFVZLWKDGLDPHWHURIFP
HYHQZLWKDQDGDSWHU2QO\XVHURXQG
GLVFVZLWKDGLDPHWHURIFP
G7KHGHYLFHFDQSOD\DXGLR&'VZLWK
KLJKUHVROXWLRQPXOWLFKDQQHODXGLR
IRUPDW6XSHUDXGLR&'VDUHSOD\HGEDFN
DW&'TXDOLW\
$XGLRVHWWLQJV
&DOOLQJXSWKH$XGLRVHWWLQJVPHQX
2SWLRQ
6HOHFW
([WUDV
IURPWKHPDLQPHQX
SDJH
6HOHFW
2SWLRQV
IURPWKHPHQX
7KH*HQHUDOVHWWLQJVPHQXDSSHDUV
6HOHFW
$XGLRVHWWLQJV
2SWLRQ
3UHVVWKHEXWWRQIRUORQJHUWKDQWZR
VHFRQGV
!!VPDUWKLJKOLQHUDGLR 
<RXFDQPDNHWKHIROORZLQJDXGLRVHWWLQJV
=%DODQFH
=%DVVWUHEOH
=;EDVV
=6RXQGSURILOH
=(TXDOLVHU
='\QDPLF1RLVH&RYHULQJ
G7KHVHWWLQJVIRUEDODQFHEDVVWUHEOH
DQG;EDVVFDQEHIRXQGLQWKH$WD
JODQFHVHFWLRQSDJH
6HOHFWLQJDVRXQGSURILOH
&DOOXSWKH$XGLRVHWWLQJVPHQX
7KHHQWU\RQWKHULJKWEHVLGH
6RXQG
SUHVHWV
VKRZVWKHFXUUHQWVHWWLQJ
6HOHFW
6RXQGSUHVHWV
$OLVWDSSHDUV7KHsLFRQLQGLFDWHVWKH
FXUUHQWVHWWLQJ
6HOHFW
2II
RU
3RS

&ODVVLFDO
RU
9RFDO
7KHVHWWLQJLVDFFHSWHGDQGWKHOLVW
FORVHVDXWRPDWLFDOO\
(TXDOLVHU
&DOOXSWKH$XGLRVHWWLQJVPHQX
7KHHQWU\RQWKHULJKWEHVLGH
(TXDOњ
L]HU
VKRZVWKHFXUUHQWVHWWLQJ
6HOHFW
(TXDOL]HU
6ZLWFKWKHIXQFWLRQRQsRURIIS
'\QDPLF1RLVH&RYHULQJ
7KHHTXDOLVHUFDQQRWVROYHDOORIWKHDFRXV
WLFSUREOHPVLQWKHYHKLFOH:KHQGULYLQJ
OLVWHQLQJSOHDVXUHLVVLJQLILFDQWO\DIIHF
WHGE\HQJLQHZLQGDQGURDGQRLVH'1&
'\QDPLF1RLVH&RYHULQJUHOLHYHVWKH
GULYHURIWKHLQFRQYHQLHQFHRIKDYLQJWR
PDNHUHDGMXVWPHQWV7KHIXQFWLRQHQVXUHV
RXWVWDQGLQJVRXQGTXDOLW\ZLWKWKHYROXPH
DQGVRXQGFKDUDFWHULVWLFVDSSHDULQJWR
UHPDLQFRQVWDQWHYHQGXULQJWKHMRXUQH\
7KHYROXPHLVDGMXVWHGGHSHQGLQJRQWKH
FXUUHQWEDFNJURXQGQRLVHDQGWKHG\QDPLFV
DUHFRQWUROOHGVRWKDWHYHQWKHTXLHWHVW
VHFWLRQVFDQEHKHDUGFOHDUO\
%HIRUHXVLQJ'1&FDOLEUDWH\RXUYHKLFOH
YDOXHVXVLQJWKHPLFURSKRQHLQWHJUDWHGLQ
WKHVPDUWKLJKOLQHUDGLR<RXFDQWKHQ
VHOHFWVL[GLIIHUHQWYROXPHLQFUHDVHOHYHOV
IRU'1&
QRQHWR
PD[LPXP
&DUU\RXWWKHFDOLEUDWLRQSURFHVVZKLOHWKH
YHKLFOHHQJLQHLVVZLWFKHGRIIDQGVZLWFK
RQDQDXGLRVRXUFHHJWKHUDGLR
&DOOXSWKH$XGLRVHWWLQJVPHQX
SDJH
3UHVV
'\QDPLFQRLVHFRYHULQJ'1&
7RFDOLEUDWHWKHPLFURSKRQHSUHVV
&DOњ
LEUDWLRQ
7KH
6LOHQFHSOHDVH&DOLEUDWLQJ
'1&
PHVVDJHWKHQDSSHDUV
7KH
'1&FDOLEUDWLRQVXFFHVVIXO
PHV
VDJHDSSHDUVRQFHWKHFDOLEUDWLRQSURF
HVVLVFRPSOHWHG
 !!VPDUWKLJKOLQHUDGLR
7RVHOHFWDYROXPHLQFUHDVHSUHVV
/HYHO
$VHWWLQJVPHQXDSSHDUV
3UHVV@RUÙWRVHOHFWDOHYHOIURP
QRQHWR
PD[LPXP
3UHVVsDQGFRQILUPWKHVHOHFWLRQ
7KHVHWWLQJVPHQXFORVHV
9LGHR
9LGHRPRGH
6DIHW\QRWH
5LVNRIDFFLGHQW
2QO\ZKHQWKHYHKLFOHLVVWDWLRQDU\VKRXOG
\RX
=ORDGDGLVF
=HMHFWDGLVF
7KHUHLVDULVNRIEHLQJGLVWUDFWHGIURPWKH
URDGDQGWUDIILFFRQGLWLRQVLIWKLVLVGRQH
ZKLOHWKHYHKLFOHLVLQPRWLRQ
'9'SOD\EDFNFRQGLWLRQV
7KHUHDUHYLGHR'9'VDYDLODEOHRQWKHPDU
NHWZKLFKGRQRWFRQIRUPWRWKHFXUUHQW
VWDQGDUGV6XFK'9'VPD\KDYHSLFWXUH
VRXQGRURWKHUSOD\EDFNSUREOHPV
7KHVPDUWKLJKOLQHUDGLRFDQSOD\EDFN
YLGHR'9'VSURGXFHGDFFRUGLQJWRWKHIRO
ORZLQJVWDQGDUGV
=UHJLRQFRGHIRU(XURSHRUUHJLRQFRGH
QRUHJLRQFRGH
=3$/RU176&VWDQGDUG
<RXZLOOJHQHUDOO\ILQGWKHUHOHYDQW
GHWDLOVHLWKHURQWKH'9'LWVHOIRURQWKH
'9'FDVH
G7KHVPDUWKLJKOLQHUDGLRLVVHWWR
UHJLRQFRGHDWWKHIDFWRU\
G,I\RXLQVHUWDYLGHR'9'ZLWKDGLIIHU
HQWUHJLRQFRGH\RXZLOOVHHDPHVVDJH
WRWKLVHIIHFW
)XQFWLRQUHVWULFWLRQV
,I\RXZRXOGOLNHWRXVHWKHYLGHRIXQFWLRQ
\RXILUVWQHHGWR
VZLWFKRIIWKHQDYLJDWLRQSDJH
DSSO\WKHSDUNLQJEUDNHVHHWKHYHKLFOH
2ZQHUV0DQXDO
7KHYLGHRLPDJHLVKLGGHQGXULQJWKHMRXU
QH\7KH
)RUVDIHW\YLGHRZDWFKLQJLV
QRWSRVVLEOHZKLOHGULYLQJRUQDYLњ
JDWLQJ
PHVVDJHDSSHDUV
'DWDPHGLXPIRUYLGHRPRGH
7KHIROORZLQJGDWDPHGLXPVFDQEHXVHGIRU
SOD\EDFN
=9LGHR'9'YLGHR&'
=9LGHR'9'YLGHR&'ZLWKYLGHRILOHV
=86%GHYLFH
=6'00&PHPRU\FDUG
6ZLWFKLQJYLGHRPRGHRQ
2SWLRQLQVHUWLQJRUFRQQHFWLQJDGDWD
PHGLXP
,QVHUWDYLGHR'9'YLGHR&'SDJH
RU
,QVHUWDQ6'00&PHPRU\FDUG
SDJH
RU
&RQQHFWD86%GHYLFHSDJH
7KHGDWDPHGLXPLVUHDG
7RVWDUWSOD\EDFNSOD\EDFNVWDUWVDXWR
PDWLFDOO\IRUYLGHR'9'VYLGHR&'V)RU
!!VPDUWKLJKOLQHUDGLR 
DOORWKHUGDWDPHGLXPVSUHVV>LQWKH
EDVLFGLVSOD\
2SWLRQVHOHFWDGDWDPHGLXPLQWKHYLGHR
PDLQPHQX
$GDWDPHGLXPLVLQVHUWHGRUFRQQHFWHGWR
WKHVPDUWKLJKOLQHUDGLR
3UHVV
9LGHR
LQWKHPDLQPHQXSDJH
7KHYLGHRPDLQPHQXDSSHDUV
9LGHRPDLQPHQX
3UHVVRQDGDWDPHGLXPV\PERO
7KHGDWDPHGLXPLVUHDG7KH'9'PHQX
DSSHDUVLI
&''9'
ZDVVHOHFWHGDQGD
YLGHR'9'LVLQVHUWHG
'LVSOD\ZLWK'9'PHQXH[DPSOH
'HSHQGLQJRQWKHGDWDPHGLXPVHOHFWHGWKH
IROORZLQJDUHVKRZQ
=WKH'9'PHQXYLGHR'9'YLGHR&'
=WKHYLGHRLPDJHYLGHR'9'YLGHR&'
ZLWKYLGHRILOHV86%GHYLFH6'00&
PHPRU\FDUG
6WDUWLQJSOD\EDFN
7KH'9'PHQXLVGLVSOD\HGSUHVV
2.
3OD\EDFNVWDUWV
,IWKH
$XWRPDWLFIXOOVFUHHQ
VHWWLQJ
LVDFWLYDWHGSDJHSOD\EDFNLVLQ
IXOOVFUHHQPRGH
([SODQDWLRQRIWKHV\PEROVLQWKHQDYLJDWLRQ
PHQX'9'YLGHR
F&DOOLQJXSWKH'9'PHQX
G3UHYLRXVFKDSWHU
3DXVHIXQFWLRQ
1H[WFKDSWHU
0DNHVVHWWLQJV
$OLVWV\PEROLVVKRZQLQFLIDYLGHR'9'
YLGHR&'ZLWKYLGHRILOHVD86%GHYLFHRU
D6'00&PHPRU\FDUGLVVHOHFWHG$IWHU
FRQILUPLQJ\RXFDQVHOHFWDYLGHRILOH
IURPWKHOLVWSDJH
'HSHQGLQJRQWKHYLGHRVRXUFHVHOHFWHG
WKHVNLSSLQJIRUZDUGVEDFNDQGIDVW
IRUZDUGUHZLQGIXQFWLRQVPD\EHDYDLODEOH
XVLQJGDQG
3UHVVÙLQWKHQDYLJDWLRQPHQX
3OD\EDFNVWDUWV
6ZLWFKLQJWRIXOOVFUHHQPRGH
3UHVVWKHYLGHRLPDJHZKHQWKHQDYLJD
WLRQPHQXLVGLVSOD\HG
G6ZLWFKLQJWRIXOOVFUHHQPRGHWDNHV
SODFHDIWHUWHQVHFRQGVLIWKH$XWR
PDWLFIXOOVFUHHQIXQFWLRQLVDFWLYDWHG
SDJH
 !!VPDUWKLJKOLQHUDGLR
6KRZLQJWKHQDYLJDWLRQPHQX
3UHVVWKHYLGHRLPDJHLQWKHIXOOVFUHHQ
PRGH
'HDFWLYDWLQJYLGHRPRGH
3UHVVeLQWKHEDVLFGLVSOD\
7KHODVWDFWLYHPDLQIXQFWLRQLVVKRZQ
6NLSIRUZDUGVEDFN
6KRZWKHQDYLJDWLRQPHQXSDJH
F3OD\EDFNEDU
3UHVVVRPHZKHUHRQWKHSOD\EDFNEDU
3OD\EDFNLVFRQWLQXHGIURPWKHVHOHFWHG
SRVLWLRQ
'LVFV 'LVSOD\XQGHUWKHSOD\
EDFNEDU
9LGHR'9'
YLGHR&'
/LQHHODSVHGSOD\EDFN
WLPHEOXH
/LQHHODSVHGSOD\EDFN
WLPHILOPWUDFNFXUUHQW
WUDFNWRWDOWUDFNVFXU
UHQWFKDSWHUWRWDOWUDFNV
WRWDOSOD\LQJWLPH
9LGHR'9'
YLGHR&'
ZLWKYLGHR
ILOHV
/LQHHODSVHGSOD\EDFN
WLPHEOXH
/LQHHODSVHGSOD\EDFN
WLPHYLGHRILOHQDPH
FXUUHQWWUDFNWRWDO
WUDFNVWRWDOSOD\LQJWLPH
DOORWKHU
GDWDPHGL
XPV
/LQHHODSVHGSOD\EDFN
WLPHEOXH
/LQHHODSVHGWUDFN
WLPHYLGHRILOHQDPH
WUDFNOHQJWK
3DXVHIXQFWLRQ
6KRZWKHQDYLJDWLRQPHQXSDJH
3UHVVØLQWKHQDYLJDWLRQPHQX
3OD\EDFNLVLQWHUUXSWHGÙLVVKRZQ
LQVWHDGRIØ
7RFRQWLQXHSOD\EDFNSUHVVÙ
3OD\EDFNFRQWLQXHVIURPWKHSRLQWZKHUH
LWZDVLQWHUUXSWHGØLVVKRZQ
LQVWHDGRIÙ
6HOHFWLQJDVFHQHFKDSWHU
7KLVIXQFWLRQFDQEHXVHGZKHQSOD\LQJD
YLGHR'9'YLGHR&'
,IWKHILOPLVGLYLGHGLQWRVFHQHVRUFKDS
WHUV\RXFDQVHOHFWWKHPGLUHFWO\ZKLOHWKH
ILOPLVUXQQLQJRUVNLSIRUZDUGVVWHSE\
VWHS6RPH'9'V&'VGRQRWSHUPLWWKLVDW
FHUWDLQSRLQWVHJGXULQJWKHRSHQLQJ
FUHGLWV
!!VPDUWKLJKOLQHUDGLR 
,WPD\DOVREHSRVVLEOHWRVHOHFWWKHVFHQH
FKDSWHUIURPZLWKLQWKHPHQXVWRUHGRQWKH
'9'
7RVNLSIRUZDUGVRUEDFNZDUGVVKRZWKH
QDYLJDWLRQPHQXSDJH
%ULHIO\SUHVVõRUöLQWKHQDYL
JDWLRQPHQX
6HOHFWLQJYLGHRILOHV
7KLVIXQFWLRQFDQQRWEHVHOHFWHGZKHQ
SOD\LQJDYLGHR'9'YLGHR&'
2SWLRQ
7RSOD\WKHQH[WSUHYLRXVYLGHRILOH
VKRZWKHQDYLJDWLRQPHQXSDJH
%ULHIO\SUHVVõRUöLQWKHQDYL
JDWLRQPHQX
,I\RXKDYHDFWLYDWHGWKH
0L[
SOD\EDFN
RSWLRQWKHYLGHRILOHVDUHSOD\HGLQD
UDQGRPRUGHU'HSHQGLQJRQWKHGDWD
PHGLXPHLWKHUDOOWKHYLGHRILOHVRQWKH
PHGLXPRUDOOWKHILOHVLQDIROGHUDUH
SOD\HG
2SWLRQ
6KRZWKHQDYLJDWLRQPHQXSDJH
3UHVVWKHOLVWV\PERODWWKHERWWRPULJKW
RIWKHQDYLJDWLRQPHQX
$OLVWDSSHDUV
/LVWRIYLGHRILOHVH[DPSOH
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVVDYLGHRILOH
3UHVVÙDWWKHERWWRPOHIW
7KHYLGHRILOHLVSOD\HG
G<RXFDQPRYHWRWKHQH[WKLJKHUIROGHU
XVLQJWKHIROGHUV\PERODWWKHERWWRP
ULJKW
7KHOLVWLVH[LWHGDXWRPDWLFDOO\ZKHQ
SOD\EDFNRIWKHQH[WYLGHRILOHVWDUWV
)DVWIRUZDUGUHZLQG
6KRZWKHQDYLJDWLRQPHQXSDJH
3UHVVDQGKROGõRUöXQWLOWKH
GHVLUHGSODFHLVUHDFKHG
G)DVWIRUZDUGUHZLQGWDNHVSODFHZLWKLQ
WKHDFWXDOYLGHILOHIRUYLGHR'9'VYLGHR
&'V
6HWWLQJV
&DOOLQJXSWKH6HWWLQJVPHQX
6KRZWKHQDYLJDWLRQPHQXSDJH
3UHVVV\PERODWWKHERWWRPULJKWRI
WKHQDYLJDWLRQPHQX
7KH6HWWLQJVPHQXDSSHDUV
7KHVHOHFWLRQRSWLRQVGHSHQGRQWKHGDWD
PHGLXPVHOHFWHG
6HWWLQJVPHQXH[DPSOHYLGHR'9'
 !!VPDUWKLJKOLQHUDGLR
2YHUYLHZ
'LVFV )XQFWLRQVLQWKH6HWWLQJVPHQX
9LGHR'9'YLGHR&' =6HOHFWLQJDQDXGLRWUDFN
=6HOHFWLQJVXEWLWOHV
=6HDUFKE\WUDFNFKDSWHUSOD\EDFNWLPH
=5HSHDW$!%
=5HSHDWFKDSWHURII
=3OD\EDFNLQIRUPDWLRQ
=6HOHFWLQJIXOOVFUHHQDXWRPDWLFDOO\
=6HWWLQJWKHYLHZLQJDQJOH
9LGHR'9'YLGHR&'ZLWK
YLGHRILOHV
=5DQGRPPHGLXP
=5HSHDWYLGHRILOHPHGLXPRII
=6HOHFWLQJIXOOVFUHHQDXWRPDWLFDOO\
86%GHYLFH6'00&PHPRU\
FDUG
=5DQGRPPHGLXP
=5HSHDWYLGHRILOHIROGHURII
=6HOHFWLQJIXOOVFUHHQDXWRPDWLFDOO\
6HOHFWLQJDQDXGLRWUDFNYLGHR'9'YLGHR
&'
7KLVIXQFWLRQFDQEHVHOHFWHGLIWKHGDWD
PHGLXPFRQWDLQVPXOWLSOHDXGLRWUDFNV,I
WKHGDWDPHGLXPRQO\FRQWDLQVRQHDXGLR
WUDFN

LVVKRZQ
7KHVHOHFWLRQRSWLRQVGHSHQGRQWKH
UHVSHFWLYHGDWDPHGLXP
6HOHFWWKHDYDLODEOHDXGLRWUDFNVLQWKH
6HWWLQJVPHQXSDJHE\SUHVVLQJ
$XGLR
UHSHDWHGO\
6HOHFWLQJVXEWLWOHVYLGHR'9'YLGHR&'
,IWKHGDWDPHGLXPVXSSRUWVVXEWLWOHV
WKHVHFDQEHVHOHFWHGIURPDOLVW7KH
VHOHFWLRQRSWLRQVGHSHQGRQWKHGDWD
PHGLXPVHOHFWHG
,IWKHGDWDPHGLXPGRHVQRWVXSSRUWVXEWL
WOHV
6XEWLWOHVQRWDYDLODEOH
LVVKRZQ
3UHVV
6XEWLWOHV
LQWKH6HWWLQJVPHQX
SDJH
3UHVV<RU=WRVFUROOLQWKHOLVW
3UHVVDVXEWLWOH
3OD\EDFNLVFRQWLQXHGZLWKWKHVHOHFWHG
VXEWLWOHV
7RH[LWDOLVWSUHVVB
6HDUFKIXQFWLRQYLGHR'9'YLGHR&'
7KHVHDUFKIXQFWLRQFDQEHXVHGWRFRQWLQXH
SOD\EDFNDWDFHUWDLQSRVLWLRQ,IWKHGDWD
PHGLXPLVGLYLGHGLQWRVHYHUDOWUDFNVDQG
FKDSWHUVWKHVHFDQEHVHOHFWHGGLUHFWO\
3OD\EDFNFDQDOVREHFRQWLQXHGIURP
DQRWKHUSRVLWLRQE\HQWHULQJWKHSOD\EDFN
WLPH
7RHQWHUDWUDFNSUHVV
6HDUFK
LQWKH
6HWWLQJVPHQXSDJH
3UHVV
7LWOH
LQWKHPHQX
(QWHUWKHWUDFNQXPEHULQWKHLQSXWPHQX
3UHVV
2.
7KHFRUUHVSRQGLQJWUDFNLVSOD\HG
7RHQWHUDFKDSWHUSUHVV
6HDUFK
LQWKH
6HWWLQJVPHQX
3UHVV
&KDSWHU
LQWKHPHQX
!!VPDUWKLJKOLQHUDGLR 
(QWHUWKHFKDSWHUQXPEHULQWKHLQSXW
PHQX
3UHVV
2.
7KHFRUUHVSRQGLQJFKDSWHULVSOD\HG
7RHQWHUDSOD\EDFNWLPHSUHVV
6HDUFK
LQWKH6HWWLQJVPHQX
3UHVV
7LPH
LQWKHPHQX
(QWHUWKHSOD\EDFNWLPHLQWKHLQSXW
PHQXHJIRUKRXUDQGPLQXWHV
3UHVV
2.
3OD\EDFNLVFRQWLQXHGIURPWKHFRUUH
VSRQGLQJSRVLWLRQ
6HOHFWLQJPL[
7KLVIXQFWLRQFDQEHXVHGIRUGDWDPHGLXPV
ZLWKYLGHRILOHVYLGHR'9'YLGHR&'86%
GHYLFHVDQG6'00&PHPRU\FDUGV
2SWLRQ
3UHVV
0L[
LQWKH6HWWLQJVPHQX
SDJH
3UHVVLQJUHSHDWHGO\VZLWFKHVEHWZHHQ
WKHVHWWLQJVLQWKHRUGHU
0HGLXP
)ROGHU
DQG
2II
2SWLRQ
3UHVV
0L[
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
5HSHDW$!%YLGHR'9'YLGHR&'
$ILOPVHTXHQFHFDQEHUHSHDWHG7RGRWKLV
HQWHUWKHWLPHVIRUWKHVWDUW$DQGHQG%
RIWKHILOPVHTXHQFH
3UHVV
5HSHDW$!%
LQWKH6HWWLQJV
PHQXSDJH
(QWHUWKHVWDUWRIWKHILOPVHTXHQFH$
LQWKHLQSXWPHQXHJIRU
PLQXWHV
3UHVV
2.
(QWHUWKHHQGRIWKHILOPVHTXHQFH%LQ
WKHLQSXWPHQXHJIRUPLQXWHV
3UHVV
2.
7KHILOPVHTXHQFHLVUHSHDWHG
6HOHFWLQJUHSHDW
3UHVV
5HSHDW
LQWKH6HWWLQJVPHQX
SDJH
9LGHR'9'YLGHR&'\RXVZLWFKEHWZHHQ
WKH
2Q
DQG
2II
VHWWLQJV
)RUDYLGHR'9'YLGHR&'WKHVHWWLQJ
DSSOLHVWRDFKDSWHU
)RUDGDWDPHGLXPZLWKYLGHRILOHVYLGHR
'9'YLGHR&'WKHVHWWLQJHLWKHU
DSSOLHVWRDYLGHRILOHRUWRWKHGDWD
PHGLXP
86%GHYLFH6'00&PHPRU\FDUG
GHSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVHLWKHUVZLWFKHGRQsRURII
S
)RU86%GHYLFHVDQG6'00&PHPRU\
FDUGVWKHVHWWLQJHLWKHUDSSOLHVWRD
YLGHRILOHRUWKHGDWDPHGLXP
$FWLYDWLQJSOD\EDFNLQIRUPDWLRQYLGHR
'9'YLGHR&'
3UHVV
3OD\EDFNLQIRUPDWLRQ
LQWKH
6HWWLQJVPHQXSDJH
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
6ZLWFKLQJWRIXOOVFUHHQDXWRPDWLFDOO\
)XOOVFUHHQLVVHOHFWHGDXWRPDWLFDOO\ZKHQ
SOD\EDFNVWDUWV
3UHVV
$XWRPDWLFIXOOVFUHHQ
LQWKH
6HWWLQJVPHQXSDJH
'HSHQGLQJRQWKHSUHYLRXVVWDWXVWKH
IXQFWLRQLVVZLWFKHGRQsRURIIS
6HOHFWLQJWKHDQJOHYLGHR'9'YLGHR&'
7KLVIXQFWLRQFDQEHVHOHFWHGLIWKHGDWD
PHGLXPFRQWDLQVPXOWLSOHVHWWLQJVIRUWKH
DQJOH,IWKHGDWDPHGLXPRQO\FRQWDLQVRQH
VHWWLQJ

LVVKRZQ
3UHVV
$QJOH
LQWKH6HWWLQJVPHQX
SDJH
 !!VPDUWKLJKOLQHUDGLR
1RWHVRQYLGHRPRGH
'DWDPHGLXPVDQGYLGHRIRUPDWV
'LVFV 9LGHRIRUPDWVVXS
SRUWHG
9LGHR'9'&'
YLGHRVXSHU&'
YLGHRZLWKYLGHR
ILOHV
DYLGLY[PSJPSHJ
PS[YLG
86%GHYLFHV
VWLFNVKDUG
GLVFV
6'00&PHPRU\
FDUG
JSJDVIDYL
GLY[PYPSPSHJ
PSJZPDZPY[YLG
+
G'XHWRGLIIHULQJYLGHRFRGHFVFRGLQJ
GHFRGLQJSURFHVVQRWDOOYLGHRILOHV
FDQEHSOD\HGLQWKHDYLRUPSHJIRU
PDWV
9LGHR
IRUPDW
([SODQDWLRQ
JS *33PXOWLPHGLDILOHDXGLR
YLGHRFRQWDLQHUIRUPDW
DVI $GYDQFHG6\VWHPV)RUPDWILOH
DXGLRYLGHRFRQWDLQHUIRU
PDW
DYL $XGLR9LGHR,QWHUOHDYHDXGLR
YLGHRFRQWDLQHUIRUPDW
GLY[ 'LY;YLGHRILOHZLWK03(*
FRGHF'LY;RU'LY;
YLGHRILOHZLWKH[WHQVLRQDYL
'LY;DQGROGHU
GY[ 'LY;YLGHRILOH
PY
PS
PSHJ
PSJ
L7XQHVYLGHRIRUPDW
03(*YLGHRFRQWDLQHUIRUPDW
03(*YLGHRIRUPDW
ZPY :LQGRZV0HGLD9LGHRYLGHR
FRGHF
9LGHR
IRUPDW
([SODQDWLRQ
[YLG 9LGHRILOHZLWK03(*FRGHF
+ 6WDQGDUGIRUYLGHRFRPSUHV
VLRQ
1RWHVDERXWGLVFV
7KHUHPD\EHSOD\EDFNSUREOHPVZKHQSOD\
LQJFRSLHGGLVFV7KHUHDUHDODUJHYDULHW\
RIGLVFV'9'DXWKRULQJVRIWZDUHEXUQLQJ
VRIWZDUHDQGEXUQHUVDYDLODEOH7KLVYDUL
HW\PHDQVWKDWWKHUHLVQRJXDUDQWHHWKDW
WKHV\VWHPZLOOEHDEOHWRSOD\GLVFVWKDW
\RXKDYHFRSLHG\RXUVHOI
'RQRWDIIL[VWLFNHUVRUODEHOVWRWKH
GLVFV7KH\FRXOGSHHORIIDQGGDPDJHWKH
GHYLFH6WLFNHUVFDQFDXVHWKHGLVFWR
EHQGZKLFKFDQUHVXOWLQUHDGHUURUVDQG
GLVFUHFRJQLWLRQSUREOHPV
7KHGHYLFHLVGHVLJQHGWRKROGGLVFV
ZKLFKFRPSO\ZLWKWKH(1VWDQGDUG
<RXFDQWKHUHIRUHRQO\XVHGLVFVZLWKD
PD[LPXPWKLFNQHVVRIPP
,I\RXLQVHUWWKLFNHUGLVFVHJWKRVH
WKDWFRQWDLQGDWDRQERWKVLGHV'9'RQ
RQHVLGHDQGDXGLRGDWDRQWKHRWKHU
WKH\FDQQRWEHHMHFWHGDQGFDQGDPDJH
WKHGHYLFH
2QO\XVHURXQGGLVFVZLWKDGLDPHWHURI
FP'RQRWXVHGLVFVZLWKDGLDPHWHURI
FPHYHQZLWKDQDGDSWHU
3LFWXUHYLHZHU
*HQHUDOQRWHV
8VLQJWKHVPDUWKLJKOLQHUDGLR\RXFDQ
YLHZSLFWXUHVLQYDULRXVILOHIRUPDWVIURP
GLIIHUHQWVWRUDJHPHGLXPVLQGLYLGXDOO\RU
DVDVOLGHVKRZ
!!VPDUWKLJKOLQHUDGLR 
'LVFV 6XSSRUWHGSLFWXUH
IRUPDWV
9LGHR'9'&'
YLGHRDQGVXSHU&'
YLGHRZLWKYLGHR
ILOHV
MSHJMSJ
86%GHYLFHV
VWLFNVKDUGGLVFV
6'00&PHPRU\
FDUG
MSHJMSJEPSWLI
JLISQJ
3LFWXUHIRUPDW ([SODQDWLRQ
MSHJMSJ -3(*LPDJHILOH
EPS %LWPDSLPDJHILOH
WLI 7DJJHG,PDJH)LOH
JLI *UDSKLFDO,QWHU
FKDQJH)RUPDWILOH
SQJ 3RUWDEOH1HWZRUN
*UDSKLF
)XQFWLRQUHVWULFWLRQV
,I\RXZRXOGOLNHWRFDOOXSWKHSLFWXUH
YLHZHU\RXILUVWQHHGWR
VZLWFKRIIWKHQDYLJDWLRQSDJH
DSSO\WKHSDUNLQJEUDNHVHHWKHYHKLFOH
2ZQHUV0DQXDO
7KHIXQFWLRQLVQRWDYDLODEOHZKLOHWKH
YHKLFOHLVLQPRWLRQ7KH
)RUVDIHW\SLFњ
WXUHYLHZLQJLVQRWSRVVLEOHZKLOH
GULYLQJRUQDYLJDWLQJ3KRWRYLHZHU
ZLOOEHDXWRPDWLFDOO\FORVHG
PHV
VDJHDSSHDUV
&DOOLQJXSWKHSLFWXUHYLHZHU
6HOHFW
([WUDV
IURPWKHPDLQPHQX
SDJH
3UHVV
3KRWR
LQWKHPHQX
$PHQXDSSHDUVIRUWKHVHOHFWLRQRID
VWRUDJHPHGLXP
6HOHFWWKHGHVLUHGVWRUDJHPHGLXP
,IWKHUHDUHSLFWXUHVLQRQHRIWKHVSHFL
ILHGILOHIRUPDWVDYDLODEOHRQWKHVWRU
DJHPHGLXPWKHILUVWSLFWXUHIRXQGLV
GLVSOD\HG7KHVHDUFKWDNHVSODFHDOSKD
EHWLFDOO\VWDUWLQJLQWKHXSSHUGLUHF
WRU\DQGWKHQLQWKHIROGHUQDPHVWKDW
FRQWDLQSLFWXUHILOHV
3LFWXUHYLHZHU
F3LFWXUHILOHQDPH
G5RWDWHVWKHSLFWXUHFORFNZLVH
'LVSOD\VWKHQH[WSLFWXUH
6WDUWVDVOLGHVKRZ
'LVSOD\VWKHSUHYLRXVSLFWXUH
'LVSOD\VWKHFRQWHQWRIWKHIROGHU
7RGLVSOD\IXOOVFUHHQSUHVVRQWKHSLF
WXUH
7RVKRZWKHPHQXSUHVVRQWKHSLFWXUH
DJDLQ
 !!VPDUWKLJKOLQHUDGLR
3LFWXUHOLVWV
3UHVVLQWKHSLFWXUHYLHZHU
SDJH
7KHOLVWRISLFWXUHVDSSHDUV
F6HDUFKHVIRUDSLFWXUHILOH
G6FUROOVLQWKHOLVW
6HOHFWVWKHQH[WKLJKHVWIROGHUOHYHO
7RVHOHFWDSLFWXUHILOHSUHVV<
RU=WRVFUROOLQWKHOLVW
6HOHFWWKHGHVLUHGSLFWXUHILOH
7RVHDUFKIRUDSLFWXUHILOHSUHVVF
$QLQSXWPHQXDSSHDUV
(QWHUXSWRWKUHHFKDUDFWHUVIURPWKH
EHJLQQLQJRIWKHILOHQDPH7KHUHLVD
GHVFULSWLRQRIKRZWRHQWHUFKDUDFWHUVLQ
WKH(QWHULQJFKDUDFWHUVLQWKHSKRQH
ERRNFKDSWHUSDJH
3UHVV
2.
7KHVHDUFKVWDUWV
7RVHOHFWWKHQH[WKLJKHVWIROGHUSUHVV
IROGHUV\PERO
'LVSOD\LQJSLFWXUHV
<RXFDQYLHZWKHSLFWXUHVLQGLYLGXDOO\RU
DVDVOLGHVKRZ
7RGLVSOD\WKHQH[WRUSUHYLRXVSLFWXUH
SUHVVõRUöLQWKHSLFWXUHYLHZHU
SDJH
7RVWDUWDVOLGHVKRZSUHVVÙLQWKH
SLFWXUHYLHZHU
7RFORVHWKHVOLGHVKRZSUHVVWKHGLV
SOD\
5RWDWLQJSLFWXUHV
'LVSOD\WKHSLFWXUH
3UHVVRQWKHV\PERODWWKHERWWRPULJKW
RIWKHSLFWXUHYLHZHUSDJH
7KHSLFWXUHLVURWDWHGFORFNZLVH7KLV
VHWWLQJLVQRWVDYHG
!!VPDUWKLJKOLQHUDGLR 

This equipment should be installed and operated with a minimum distance of 20 centimeters between the radiator and
3XEOLFDWLRQGHWDLOV
,QWHUQHW
)XUWKHULQIRUPDWLRQDERXWVPDUWYHKLFOHV
DQGDERXW'DLPOHU$*FDQEHIRXQGRQWKH
IROORZLQJZHEVLWHV
ZZZVPDUWFRP
ZZZGDLPOHUFRP
(GLWRULDORIILFH
<RXDUHZHOFRPHWRIRUZDUGDQ\TXHULHVRU
VXJJHVWLRQV\RXPD\KDYHUHJDUGLQJWKLV
PDQXDOWRWKHWHFKQLFDOGRFXPHQWDWLRQ
WHDPDWWKHIROORZLQJDGGUHVV
'DLPOHU$*+3&5
'6WXWWJDUW*HUPDQ\
1RWWREHUHSULQWHGWUDQVODWHGRURWKHU
ZLVHUHSURGXFHGLQZKROHRULQSDUWZLWK
RXWWKHZULWWHQSHUPLVVLRQRI'DLPOHU$*
$VDW
This device complies with Part 15 of the FCC Rules. Operation is subject to the following two conditions:
(1) this device may not cause harmful interference, and (2) this device must accept any interference received,
including interference that may cause undesired operation.
Warning: Changes or modifications to this unit not expressly approved by the party responsible for compliance
could void the user’s authority to operate the equipment.
This equipment complies with FCC RF radiation exposure limits set forth for an uncontrolled environment.
your body.
q!!!st
ZZZVPDUWFRP VPDUW$'DLPOHUEUDQG

2UGHUQR
3DUWQR
(GLWLRQb-0D

Navigation menu